Netflix CEO Joins Microsoft Board

Microsoft on Monday added another member to its board of directors, bringing on Netflix CEO and founder Reed Hastings. Hastings becomes the 10th member of the company's board, and will join its finance committee.

"Reed's track record for delivering innovative and disruptive technologies to market is very impressive," Microsoft Chairman Bill Gates said in a statement. "I look forward to working with Microsoft’s esteemed group of board members to help shape the direction of the company as it continues to tackle the biggest industry challenges and opportunities," said Hastings.