The founder and CEO of Google’s venture-capital arm, Bill Maris, is leaving the organization, the current in a series of high-level departures from parent Alphabet Inc.
Maris, chief executive of GV, which was formerly known as Google veteran is, will be replaced by Google veteran and GV Managing Partner David Krane, starting this Friday, according to a person familiar with the company.
No explanation or extension was immediately given for Mr. Maris’s departure.
It follows word last week that Chris Urmson, chief era officer and former director of Google’s self-driving car effort, had left the project at a crucial juncture as the organization tries to alterover its driverless-car era into a commercial product. He gave no thoroughly clean reason for his departure nor contact of his destination.
In June, Tony Fadell stepped down as CEO of Alphabet Inc.’s home-automation unit Nest.
Mr. Maris has no new occupation strategies as of yet and strategies to take time with his family before starting something new, the person familiar with the matter said.
Mr. Maris’s departure, and the installation of Mr. Krane in the role, which were reported earlier Wednesday by Recode, were scheduled to be announced to the GV group on Thursday.
Mr. Krane, who has been with Google for 17 years, led the first public relations role at the search giant. He had already been nicely running the day-to-day strategies of GV, with Mr. Maris apparently stepped back in the role.
The GV venture-capital funds manage $2.4 billion and have placed over 300 bets on startups across the U.S. and abroad.
Tapping Mr. Krane, a gregarious leader could lead to a different focus on investments but would be unlikely to alter the overall mix of investments GV makes, the person familiar with the thinking said. Mr. Krane was at the rear of GV’s investment in ride-hailing giant Uber Technologies Inc., as well as in Nest and coffee-maker Blue Bottle.
Mr. Krane’s influence in the new role could lead to an amplified focus on consumer-related era investment, the person said.
GV’s overall focus on five sectors—life sciences, enterprise, data and synthetic cleverness robotics, and consumer—will remain unalterd under the new chief.