Google Jan. 20 said it is streamlining operations, with co-founder Larry
Page taking the role of CEO and moving
current Google CEO Eric Schmidt to the role
of executive chairman.
Google, which also reported revenues of $8.44 billion and a profit of
$2.54 billion for the fourth quarter, said Page will take over day-to-day
operations from Schmidt on April 4.
Page’s responsibilities will include leading product development and technology strategy.
Google co-founder Sergey Brin will focus on new products.
As executive chairman, Schmidt will focus on deals, partnerships, customers
and broader business relationships, among other things to expand Google’s reach
around the world. Schmidt will also continue to act as an adviser to Page and
Brin.
&"We’ve been talking about how best to simplify our management structure
and speed up decision making for a long time," said Schmidt, who joined
Google as CEO in 2001.
For more, read the eWeek article: Google’s Larry Page to Replace Eric Schmidt as CEO .