Google Ventures CEO Bill Maris steps down

Happy birthday, Alphabet. Now say goodbye to one of your top executives.

Bill Maris, CEO and founder of Google Ventures (now known as GV), has said he’s leaving the company to pursue new opportunities. The news broke Wednesday on the one-year anniversary of the birth of Alphabet —  the Google parent company Larry Page and Sergey Brin created as a way to emphasize business interests beyond web search.

As a birthday present, Alphabet is losing the creator of GV, its corporate venture capital arm, Recode reported. The tech blog reported that Maris will be replaced by David Krane, a GV managing partner.

Maris confirmed his departure to Fortune, saying, “It’s time for a new adventure.” After eight years with GV, Maris intends to spend the next few months enjoying time with his wife and son, Fortune reported.

GV had $2.4 billion in assets at the beginning of the year, according to Fortune. Its portfolio includes Uber, Nest, Jet and Medium, according to the GV website.

Maris’ departure from Alphabet comes after a string of other executives have jumped ship. In recent months the company also lost Nest CEO Tony Fadell and the director of Alphabet’s self-driving car project, Chris Urmson.

Photo: Technology workers are seen outside a Google office building. (BANG staff photo)

 

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