Netflix's Reed Hastings steps aside after nearly 30 years; Jay Hoag becomes chairman
- Posted on June 6, 2026
- By Business News Today
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Netflix's Reed Hastings steps aside after nearly 30 years; Jay Hoag becomes chairman
Netflix has appointed lead independent director Jay Hoag as its new chairman, succeeding co-founder Reed Hastings. Hastings, who stepped down from the board after nearly three decades, will focus on his philanthropic endeavors. Hoag, a long-time investor and board member, assumes the leadership role following the company's annual shareholders meeting.
