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"OnLive founder and CEO Steve Perlman has announced his departure from the company today in a press release. In Perlman&amp;#039;s place, former head of operations Charlie Jabolonski will be promoted to chief operations officer and acting chief executive officer. Meanwhile, investor and new owner Gary Lauder will become the new chairman for the on-demand game streaming service. Perlman is said to be leaving OnLive to focus on his &amp;quot;myriad of other projects,&amp;quot; according to the press release. &amp;quot;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,&amp;quot; Lauder said. &amp;quot;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,&amp;quot; he continued.  &amp;quot;I spent my first week with OnLive listening, to gather people&amp;#039;s thoughts and suggestions. It&amp;#039;s an impressive group, and I am even more convinced that this company is poised for greatness.&amp;quot; Lauder rose to purchase OnLive last week through his firm Lauder Partners LLC amid rumors of the company filing for bankruptcy and undergoing significant job cuts. Microsoft is making a bid to hire OnLive staff who lost their jobs in the turmoil, and will hold a mixer for ex-staff at its Silicon Valley campus later this week. Watch a trailer for OnLive below:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/gaming/news/a402083/onlive-founder-steve-perlman-leaves-company/>