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.

Streamer’s co-founder steps away as his progeny faces its biggest challenge

Netflix co-founder Reed Hastings has officially left the board. Jay Hoag has been named chairman to replace him.

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…

Netflix appoints Jay Hoag as chairman, replacing Reed Hastings, after shareholder support despite previous attendance concerns.