Susan Rice Returns To Netflix Board Of Directors After Biden Administration Stint

Susan Rice, who left her post as domestic policy advisor to President Biden last May, has rejoined Netflix’s board of directors.

In two-plus years in the Biden Administration, Rice oversaw a number of complex and controversial initiatives related to immigration, gun control and student loan relief. She had previously served as President Barack Obama’s national security adviser and U.N. ambassador.

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Netflix announced that Rice was leaving Netflix’s board in January 2021 after having been appointed in 2018. The streaming giant disclosed her return Friday in an SEC filing, saying she will get an annual retainer of $300,000, which will be paid monthly and prorated for the duration of 2023.

Rice’s relationship with Netflix drew scrutiny during the 2020 presidential campaign when sold some of her shares in the streaming giant amid talk she might be a potential running mate of Joe Biden. SEC filings indicated she owned about 4,000 shares at the end of 2019. A spokeswoman for Rice said at the time that the share sale had been previously planned and was unrelated to the election.

Rice will become the fourth woman on the Netflix board, joining former Disney TV exec Anne Sweeney, ex-Netflix marketing chief Leslie Kilgore and digital exec Ann Mather. Since January, Netflix co-founder has been chairman of the board. He surrendered the Co-CEO title to Greg Peters, who holds it alongside Ted Sarandos.

A Rhodes scholar and former McKinsey and Company consultant, Rice has served on a number of boards outside of corporate America, including the Bureau of National Affairs, National Democratic Institute and the U.S. Fund for UNICEF.

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