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OnLive founder Steve Perlman announces departure

"The new OnLive is emerging with greater financial security"

Steve Perlman, founder and CEO of OnLive has announced his departure from the company as he moves on to pursue other projects. Lead investor in OnLive, Gerry Lauder, is now chairman of the company, with former lead of operations, Charlie Jablonski, appointed as COO and acting CEO .

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The departure of Steve Perlman does come as a shock as OnLive announced last week that Perlman would remain as head of the company, after the acquisition by Lauder Partners.

Charlie Jablonski, the former head of operations, will be taking over from Perlman as acting CEO, and has been appointed COO of OnLive.

The new chairman of the company, Gerry Lauder, says of the restructuring, "the new OnLive is emerging with greater financial security and a brighter outlook on the future. OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products and services."

Lauder praised Perlman, stating, "Steve has created an extraordinary company that no one else could have created. He is a unique entrepreneur and deserves his legendary status in Silicon Valley as a creator of groundbreaking companies."

Under the restructured management team, OnLive promises to continue "breaking new ground in cloud services both for games and remote application delivery to thin devices, legacy platforms or any platforms with a fast connection."

It is unknown where Lauder is moving on to, the official press release simply states that he is moving on to "work on his myriad of other projects."

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