Google CEO to Step Down
Posted on Jan 20, 2011
Eric Schmidt, who took Google from humble origins to one of the world’s most successful and most talked-about companies, announced Thursday that he is handing his job over to co-founder Larry Page, who, Schmidt blogs, “is ready to lead.” Schmidt will stick around with the hefty title of executive chairman.
Official Google Blog:
For the last 10 years, we [CEO Eric Schmidt and co-founders Larry Page and Sergey Brin] have all been equally involved in making decisions. 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. But we have also agreed to clarify our individual roles so there’s clear responsibility and accountability at the top of the company.
Larry will now lead product development and technology strategy, his greatest strengths, and starting from April 4 he will take charge of our day-to-day operations as Google’s Chief Executive Officer. In this new role I know he will merge Google’s technology and business vision brilliantly. I am enormously proud of my last decade as CEO, and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.
Official Google blog
Eric Schmidt, left, Larry Page and Sergey Brin.