During its Q4 earnings disclosure, Google announced that co-founder Larry Page will take over the CEO role effective, April 4th, from Eric Schmidt. Mr. Schmidt will remain with the company and assume the role of Executive Chairman, “focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership.”
“We’ve been talking about how best to simplify our management structure and speed up decision making for a long time,” said Schmidt. “By clarifying our individual roles we’ll create clearer responsibility and accountability at the top of the company. In my clear opinion, Larry is ready to lead and I’m excited about working with both him and Sergey for a long time to come.”
Sergey Brin, also a Google co-founder, will focus on new, strategic projects for the company.