ArdorComm Media News Network
June 9, 2026
Netflix has appointed longtime board member Jay Hoag as the new chairman of its board, succeeding co-founder and former chairman Reed Hastings, who recently stepped down from the company’s board.
The leadership transition took effect after Netflix’s annual shareholders meeting on June 4, according to a filing with the U.S. Securities and Exchange Commission (SEC). Hastings had announced in April that he would be leaving the company to devote more time to philanthropy and other personal interests.
A pivotal figure in Netflix’s evolution, Hastings helped transform the company from a DVD-by-mail service into one of the world’s leading streaming platforms, reshaping the way audiences consume films and television content. He also guided the company through the COVID-19 pandemic, a period that accelerated subscriber growth for streaming services globally.
Hoag, co-founder of growth equity firm TCV, has been associated with Netflix for decades through TCV’s investment in the company. He joined Netflix’s board in 1999 and has served as lead independent director for more than ten years. In addition to his new role at Netflix, Hoag currently sits on the boards of Zillow Group and Peloton Interactive.
Source: Reuters