GV Chief Executive Bill Maris quits: Reuters

Bill Maris, the chief executive and founder of Alphabet Inc‘s venture arm GV, is leaving the company, Recode reported, citing sources.

Maris, who leaves on Aug. 12, will be replaced by GV Managing Partner David Krane, Recode reported.

A GV spokeswoman declined to comment on the report.

GV, previously known as Google Ventures, was founded in 2009 and has invested in more than 300 companies, including Uber Technologies Inc and online retailer Jet.com, according to GV’s website.

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.

Photo of Bill Maris, speaking at the Wall Street Journal Digital Live conference in Laguna Beach, California, Oct. 20, 2015, courtesy of Reuters/Mike Blake