
The new chairman of the company, Gerry Lauder, says of the restructuring, "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."
Lauder praised Perlman, stating, "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."
Under the restructured management team, OnLive promises to continue "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."
It is unknown where Lauder is moving on to, the official press release simply states that he is moving on to "work on his myriad of other projects."
http://www.computerandvideogames.com...ces-departure/