Ted Sarandos , the co-CEO of Netflix , has been elected chair of the American Film Institute ’s board of directors, The Hollywood Reporter can exclusively report. Sarandos, who won by a vote of acclamation, succeeds Bob Daly, who held that position for the last 17 years.

“Ted Sarandos is one of the world’s most dynamic industry executives and a passionate movie lover,” Daly tells us. “It’s my honor to hand him the gavel to lead AFI into an even greater future.” Adds Sarandos, “I’m honored to carry on the stewardship of an organization that celebrates film and television arts. Bob Daly presents huge shoes to fill. He has been a lifelong cheerleader and inspirational leader for the industry and AFI. It is my honor to follow in his footsteps.”

Few if any people have had a greater influence on Hollywood in the 21st century than Sarandos.…