Founder and former president of cloud-gaming company Steve Perlman exits firm to work on a "myriad of other projects."

Cloud-gaming company OnLive has lost its founder, president, and CEO, Steve Perlman, the firm has announced. Perlman left the Palo Alto, California, company to pursue a "myriad of other projects," though none of these were named.

Steve Perlman is out at OnLive.

The company also announced that Gary Lauder, managing director of Lauder Partners LLC, will become OnLive's new chairman. In addition, former head of OnLive operations Charlie Jablonski will become OnLive's COO and acting CEO.

"The new OnLive is emerging with greater financial security and a brighter outlook on the future," reads a line from Lauder's statement on the corporate shuffling. "OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products and services."

Earlier this month, rumors of OnLive's death proved to be exaggerated. The company's entire assets were sold, but the firm will continue as a newly formed outfit. All current OnLive initiatives remain uninterrupted, and the new company plans to rehire a "large percentage" of those previously affected.

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