The appointment was confirmed in a filing submitted to the US Securities and Exchange Commission (SEC) on Friday. According to the filing, Hoag assumed his new position immediately after the company’s annual shareholder meeting held on Thursday.
Hastings, who co-founded Netflix nearly three decades ago, had previously announced in April that he would step down at the end of his term. At the time, the company stated that he intended to step back to “focus on his philanthropy and other pursuits.” His departure closes a defining chapter in Netflix’s evolution from a DVD rental service to one of the world’s dominant entertainment platforms.
Over the past 25 years, Hastings served as CEO and helped steer the company through one of the most dramatic business transformations in modern tech history—transitioning from mailing DVDs to building a global streaming ecosystem that reshaped how audiences consume television and film.
Jay Hoag is not new to Netflix’s governance. He has been a director on the company’s board since 1999 and has also served as lead independent director for more than a decade. His long-standing involvement positions him as a continuity figure during a period of leadership transition.
Beyond Netflix, Hoag’s board experience extends to other major companies, including online real estate platform Zillow and fitness technology company Peloton, reflecting his broader footprint in technology and consumer-focused businesses.
The leadership change signals a steady hand at the board level as Netflix continues navigating a competitive streaming landscape, while also reinforcing governance continuity following the exit of one of its most influential founders.