Entrepreneur and inventor Steve Perlman is leaving his latest startup, OnLive, as it chugs through insolvency.
(Credit: OnLive)
OnLive CEO Steve Perlman is stepping down from the troubled online gaming company he founded after agreeing to stay on during insolvency proceedings, the company announced today.
Instead, Perlman, known for his work developing QuickTime and WebTV, is "departing to work on his myriad of other projects," the company said in a statement.
Gary Lauder, the lead investor in OnLine and managing director of Lauder Partners LLC, will be the new chairman and Charlie Jablonski, formerly head of online operations, will become the company's chief operating officer and acting CEO.
More from the company's release:
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," said Lauder, also adding, "I spent my first week with OnLive listening, to gather people's thoughts and suggestions. It's an impressive group, and I am even more convinced that this company is poised for greatness."
The company plans to continue building the OnLive management team in key categories as the company delivers on its mission of breaking new ground in... [Read more]
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