Onlive founder and CEO Steve Perlman is leaving the company to work on his "myriad of other projects," per an announcement.  The lead investor for the company, Gary Lauder, will take over as chairman, while Charlie Jablonski, moving on from head of operations, will become the new COO and acting CEO.

"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," Lauder said in a statement.

"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," he added.

We certainly wish Perlman the best, and will keep tabs on OnLive's future as they continue rebuilding under a new investor.  It'll be interesting to see where things go here from the cloud service, especially with the proposed partnership with OUYA in 2013.  Hopefully on the up and up.