By Kevin McCauley
Eric Schmidt, CEO of Google, announced that he is stepping down as CEO on April 4 to turn over the management reins to Google co-founder Larry Page.
He will take on the executive chairman position to focus on deals, partnerships, government relations, business development and industry thought leadership.
Page is to oversee day-to-day operations of the search giant, while fellow co-founder Sergey Brinn will concentrate on product development.
The executive revamp is supposed to streamline decision-making, create clearer lines of responsibility and bolster accountability at the top.
In a statement, Page said Schmidt was the CEO who “could have kept such headstrong founders so deeply involved and still run the business so brilliantly.”
Schmidt blogged that for the last decade the trio was equally involved in decision-making. “This triumvirate approach has real benefits in terms of shared wisdom, and we will continue to discuss the big decisions among the three of us.”
Prior to Google, Schmidt was chief technology officer at Sun Microsystems and CEO of Novell.
|