Netflix Appoints Jay Hoag as Chairman, Replacing Reed Hastings

Netflix announced a leadership change at its board. Longtime director Jay Hoag will assume the role of chairman. He succeeds co‑founder Reed Hastings, who steps down. Hoag has served on Netflix’s board for many years. The transition is part of a broader governance refresh. Hastings will remain involved in the company in a different capacity. Analysts view the move as a continuation of Netflix’s strategic direction. The company will continue focusing on content and subscriber growth.