OnLive has just announced that its founder, president, and CEO Steve Perlman has quit the cloud gaming company, reports The Verge. Perlman is off to “work on his myriad of other projects” while his colleagues step in to fill his shoes.

Lead investor Gary Lauder has become the company’s new chairman and VP of operations Charlie Jablonski has become the company’s COO and acting CEO. The OnLive restructuring drama just peaked yet again.

Last week, news broke OnLive was in the process of firing employees after
apparently rejecting numerous acquisition offers. A few days later we learned that OnLive had been acquired by a new company after all.

Perlman was supposed to stay on as CEO, but clearly that’s not happening anymore. Given that conflicting rumors and news tidbits coming from the company this month, we’re not surprised.

“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,” Chairman Gary Lauder said in a press release. “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 says that it will continue building out the management team in key categories and is hiring people for its business development and marketing teams.

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