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Eric Schmidt Out As Google CEO, Larry Page Takes Over

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#1 Nvyseal


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Posted 20 January 2011 - 09:40 PM

images/news/breakingnews.jpgEric Schmidt is stepping down as CEO of Google, and Larry Page is taking over the company just announced in its earnings release.

Schmidt will become Executive Chairman focused on, "deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership," the company says.

Google's other cofounder, Sergey Brin will take a more active role in strategic projects including product.

The change is effective starting April 4, 2011.

Schmidt explained the move in a blog post saying, "We have also agreed to clarify our individual roles so there’s clear responsibility and accountability at the top of the company."

He added, "managing the business has become more complicated," and Google wanted to "speed up decision making," so Page got the nod.

Read more: http://www.businessinsider.com/eric-scmidt...1#ixzz1Bc7IBYjo

Business Insider

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