Google CEO Eric Schmidt is out as CEO and will now work as Executive Chairman. Co-Founder Larry Page is new CEO of Google Inc. The news was released with Google’s Q4 2010 earnings announcement. The statement said:
Google has also announced plans to streamline decision making and create clearer lines of responsibility and accountability at the top of the company.
- Starting from April 4, Larry Page, Google Co-Founder, will take charge of Google’s day-to-day operations as Chief Executive Officer.
- Sergey Brin, Google Co-Founder, will devote his energy to strategic projects, in particular working on new products.
- Eric Schmidt will assume the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership–all of which are increasingly important given Google’s global reach. Internally, he will continue to act as an advisor to Larry and Sergey.
As stated, day to day operations will be seen by new CEO Larry Page.