In a major change to the ranks of its executive, Netflix has announced that its chief product officer Neil Hunt  will be leaving the company come July. He will be replaced with the company’s International executive Greg Peters. On a similar note, Netflix’s Chief Talent Officer Tawni Cranz is also leaving the company.

Hunt has been with Netflix for the past eighteen years and has led the product team which actually designs and builds components of the service. His successor, Greg Peters has been leading Netflix’s international development efforts from its Tokyo headquarters since 2015. He has also worked in positions pertaining to product engineering, business development and marketing, content licensing and creation.

For a product based company like Netflix, the position of the Chief Product Officer is a very important one. As an eight year veteran of the company, Peters is well qualified to do the job. Earlier, Peters was senior vice president of consumer electronics products at Macrovision Solution. He had also held positions at Mediabolic Inc., Red Hat Network and

Speaking on the topic, Hunt said:

When I first met Greg nine years ago, I knew he was an especially gifted engineer and entrepreneur. I’m delighted to be leaving the Netflix product organization in such great shape and in such good hands.

On his succession, Peters said:

Neil has been an amazing leader who uniquely brings together analytical rigor, deep engineering chops, human warmth and a wry sense of humor. I’ve been lucky to have him as my mentor.

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