Netflix appoints Jay Hoag as the chairman of its board of directors, according to reports from The Hindu, Free Malaysia Today, and Channel NewsAsia. The change follows the departure of Reed Hastings, a Netflix co-founder who previously served as board chair. All outlets identify Hoag as a longtime director and note that he succeeds Hastings in the chair role. The Hindu adds additional background on Hoag, stating that he co-founded TCV, a growth equity firm, and that TCV has been an investor in Netflix for many years. Together, the reports describe a leadership transition at Netflix’s board level: Hoag takes over as chairman while Hastings steps down from his co-founder-linked role. The articles do not provide further details on the board’s broader composition or on any immediate operational changes at the company. Overall, the coverage centers on the board-chair appointment and the succession from Hastings to Hoag, highlighting Hoag’s prior relationship with Netflix through his investment firm.