Bill Maris, the founder and CEO of Google Ventures, is leaving the company, according to multiple reports. He will be replaced by GV managing partner David Krane.
In 2009, Maris created Google Ventures, which rebranded to simply GV last year after the formation of Alphabet Inc. It has become Silicon Valley’s most powerful corporate venture-funding arm, managing more than $2.4 billion. It has invested in more than 300 companies including Uber technologies Inc. and jet.com
Alphabet’s projects have seen some high-profile departures in recent months. Chris Urmson, chief technical officer for its self-driving car project, left last week, while Anthony Levandowski, product manager for the program, left earlier this year to co-found a startup. Tony Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet’s hardware efforts, stepped down as chief executive of its Nest unit in June.
Maris is the latest high-profile Google executive to leave in recent months.