originally retained Steve Perlman as CEO when it had all its restructuring party. Well, it didn't last long as Steve is now "departing to work on his myriad of other project". In place will be Gary Lauder, the lead investor.
Talk about a hectic two weeks for the company. I was at the E3 booth in June and had a nice time talking one of the folks there. Who knew that a few months later, all this was going to go down. They had a huge booth too so that must have cost them a pretty penny.
What's next for OnLive? Time will tell and I wouldn't be surprised if we heard even more news in the coming weeks.
You can see Steve's last message before he departs the company here
OnLive Investor Gary Lauder Becomes Chairman of the On-demand Cloud Services Company
Former head of OnLive operations Charlie Jablonski to become OnLive's COO and acting CEO
Palo Alto, Calif. August 27, 2012-OnLive, the pioneer of instant-action cloud computing, announced today that Gary Lauder, the lead investor in OnLive and the Managing Director of Lauder Partners LLC, will become the new Chairman. The company also announced that Charlie Jablonski, the former head of OnLive operations, will become OnLive's COO and acting CEO. Steve Perlman, OnLive's founder and former President and CEO, is departing to work on his myriad of other projects. "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," said Chairman Gary Lauder.
"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 cloud services both for games and remote application delivery to thin devices, legacy platforms or any platforms with a fast connection. The new OnLive is looking to hire great people for the business development team, as well as a senior marketing leader.