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Netflix Keeps Venture Capitalist Jay Hoag On Its Board Despite Shareholders’ Cold Shoulder
Netflix rejected the resignation of venture capitalist Jay Hoag from its board of directors, despite his not achieving majority approval from shareholders.
Along with spurning Hoag’s effort to quit, the company said in an SEC filing Tuesday that it has added former Airbnb CFO Ellie Mertz to the board. She will begin serving immediately before getting the opportunity for election to a full term at the company’s 2026 shareholder meeting. Hoag, who has served on the Netflix board since 1999, received the negative vote from shareholders after proxy advisory firm ISS recommended his removal.
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