June 5 (Reuters) - Netflix ( NFLX ) 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.

-- Netflix ( NFLX ) said in April that Hastings is quitting the company in order to focus on his philanthropy and other pursuits.

-- Hastings transformed Netflix ( NFLX ) from a DVDs-by-mail business to a global streaming goliath that revolutionized the distribution of movies and television series.

-- Hoag co-founded Technology Crossover Ventures, a leading venture capital firm which has been an investor in Netflix ( NFLX ) for many years.

-- Hoag has served on Netflix's ( NFLX ) board since 1999 and was the lead independent director for more than a decade.

-- He currently serves on the boards of Zillow Group ( ZG ) and Peloton Interactive ( PTON ).