Bill Maris, who founded GV (formerly known as Google Ventures) in 2009, is leaving the unit at the end of this week, according to a new report from Recode.

Maris, a neuroscience student at Middlebury who cofounded an early web hosting company before joining Google, is reportedly being replaced by David Krane.

Krane is a managing partner at GV; he joined the venture arm in 2010, after spending nearly 10 years as Google’s director of global communications and public affairs.

This is quite a bombshell, and, as Recode notes, comes on the heels of a string of other recent, high-profile departures within Alphabet, parent company to GV and several other units.

Android co-founder Rich Miner recently left GV to start an education project within Google.

Alphabet also recently parted ways with Tony Fadell, the cofounder of Nest Labs (acquired by Google for $3.2 billion in early 2014), and several executives at Google’s self-driving car unit, including CTO Chris Urmson.

Maris wielded a tremendous amount of power at GV, which, as he told this editor in an on-stage interview in February, currently invests $500 million a year.

Not everyone realizes that despite GV’s bench of investors, every decision fell to Maris.



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