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OnLive's CEO steps down as lead investor takes the reins

OnLive's CEO steps down as lead investor takes the reins

August 27, 2012 | By Tom Curtis

August 27, 2012 | By Tom Curtis
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The tumultuous saga surrounding cloud streaming company OnLive continues today, as the group has issued a statement noting that its founder, president, and CEO Steve Perlman has stepped down from his position.

OnLive says he has left the company to focus on "his myriad of other projects." In his place, lead investor Gary Lauder has assumed the role of company chairperson, while former head of operations Charlie Jablonski has become the firm's COO and acting CEO.

This corporate shakeup comes shortly after OnLive cut its entire staff, and sold all of its assets to a new company as a result of some "difficult financial decisions."

OnLive said it had to lose its staff and shares to complete its recent sale, though the newly-formed company (also known as OnLive) has since extended re-employment opportunities to a number of those former staff.

Just last week, the re-formed OnLive publically announced that Perlman planned to remain with the company, and would continue to help shape the firm after it completes its new transition. Despite those earlier claims, the company has not offered any details on why Perlman stepped down.

Meanwhile, Polygon reports that sources within the company claim that some prospective employees were requesting Perlman's resignation before they would consider joining the new firm.


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