Larry Page Is the New CEO of Google
When you hear the title CEO of Google, you immediately think of Eric Schmidt. Well, as of this month Erich Schmidt is no longer the CEO of the Mountain View-based search engine giant. Back in January, when Google announced the financial results for its Q4, it also announced that it will be making some changes to its organizational structure in April.
To be more precise, Google announced at the time that come April, Eric Schmidt would step down as CEO. It is April, which means that Erich Schmidt has been replaced by Larry Page, the co-founder of Google. While Larry Page will takes care of Google’s day-to-day operations, the company’s other co-founder, Sergey Brin, focuses on strategic projects, working on new products to be more precise.
“Eric has clearly done an outstanding job leading Google for the last decade,” said Larry Page. “The results speak for themselves. There is no other CEO in the world that could have kept such headstrong founders so deeply involved and still run the business so brilliantly. Eric is a tremendous leader and I have learned innumerable lessons from him. His advice and efforts will be invaluable to me as I start in this new role.”
Does this mean that Eric Schmidt is out of the picture completely? No, no it doesn’t. Eric Schmidt is no longer the Chief Executive Officer of Google, he is now its Executive Chairman. As part of his new role with Google, he has internal and external attributions. Externally, Schmidt has to focus on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership. At an internal level, he has to act as an advisor to the company’s two co-founders, Larry Page and Sergey Brin.
“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.”
To be more precise, Google announced at the time that come April, Eric Schmidt would step down as CEO. It is April, which means that Erich Schmidt has been replaced by Larry Page, the co-founder of Google. While Larry Page will takes care of Google’s day-to-day operations, the company’s other co-founder, Sergey Brin, focuses on strategic projects, working on new products to be more precise.
“Eric has clearly done an outstanding job leading Google for the last decade,” said Larry Page. “The results speak for themselves. There is no other CEO in the world that could have kept such headstrong founders so deeply involved and still run the business so brilliantly. Eric is a tremendous leader and I have learned innumerable lessons from him. His advice and efforts will be invaluable to me as I start in this new role.”
Does this mean that Eric Schmidt is out of the picture completely? No, no it doesn’t. Eric Schmidt is no longer the Chief Executive Officer of Google, he is now its Executive Chairman. As part of his new role with Google, he has internal and external attributions. Externally, Schmidt has to focus on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership. At an internal level, he has to act as an advisor to the company’s two co-founders, Larry Page and Sergey Brin.
“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.”
