Netflix parts ways with a key ad exec in a leadership shake-up. Read the leaked memo from its ad chief.

Netflix has announced a leadership change in its advertising division, with Jon Whitticom, a key executive who helped build the company's ad business, leaving the organization. The news was shared in a memo from advertising president Amy Reinhard, who said she decided to part ways with Whitticom. Marc Heneghan will lead the ads product unit on an interim basis while a search for a replacement is conducted. The move comes as Netflix focuses on ads as a key driver for future growth.

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