Netflix names Jay Hoag as chairman to succeed Hastings
The streaming giant announced that longtime director Jay Hoag assumed the role of chairman following the annual shareholders meeting. Hoag succeeds co-founder Reed Hastings who is stepping down from the board to focus on philanthropy after nearly three decades with the company.
Insights:
Netflix named Jay Hoag as chairman of its board, succeeding co-founder Reed Hastings who stepped down after nearly three decades. The transition follows an SEC filing on June 5 that confirmed the appointment after the annual shareholders meeting. The move marks the final exit of the leader who transformed Netflix from a DVD service into a global streaming power.
