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 ).