Peter Molyneux was the founder of Bullfrog Productions.

The statement is true because Peter Molyneux was indeed the founder of Bullfrog Productions. He established the company in 1987 and served as its creative director until leaving in 1997. Under his leadership, Bullfrog Productions became known for creating innovative and critically acclaimed video games, such as "Populous," "Theme Park," and "Dungeon Keeper." Molyneux's vision and creative talents played a significant role in shaping the company's success and reputation in the gaming industry.