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First reported by Variety

Reed Hastings Departs Netflix Board; Jay Hoag Appointed Chairman

Reed Hastings Officially Departs Netflix After 29 Years as Jay Hoag Elected Board Chairman

Dominic Patten

5d ago· 4 min readenNews

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Summary

Reed Hastings, co-founder of Netflix, has officially exited the company after 29 years. An SEC filing confirmed his departure following the annual shareholder meeting where venture capitalist Jay Hoag was elected as the new board chairman. Hastings had previously stepped down as co-CEO in 2023 and served as executive chairman until his term ended in June.

Key quotes

· 3 pulled

In an SEC filing Friday, the company confirmed Hastings' exit indirectly, noting the results of Thursday's annual shareholder meeting.

Venture capitalist Jay Hoag, a longtime Netflix investor and board member, was elected chairman at the meeting.

Hastings stepped down in 2023 and became executive chairman.

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Reed Hastings is leaving Netflix, the media pioneer he co-founded 29 years ago, after his term as board chairman ends in June.

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