Netflix’s Reed Hastings steps aside after nearly 30 years; Jay Hoag becomes chairman

Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of ‌the streaming ⁠service he ⁠co-founded nearly three decades ago.

Here are some details on the move:

The streaming platform announced the move in an SEC filing on Friday, saying Hoag assumed the role following its annual shareholders meeting on ⁠June 4.