Google cofounder Larry Page moves into CEO role

Google logoThere's movement at the top of Google, and cofounder Larry Page will be taking over daily operations at the search giant. No longer will Eric Schmidt sit in the CEO position—he has decided to step into the role of Executive Chairman, while Page slides in as CEO. The other Google cofounder, Sergey Brin, will "devote his energy to strategic projects, in particular working on new products."

Google made the announcement as part of its quarterly earnings report for the fourth fiscal quarter of 2010. The company reported revenues of $8.44 billion during the quarter, an increase of 26 percent from the same quarter in 2009, with Google-owned sites generating 67 percent of total revenues. But forget the company's clearly successful quarter: all the discussion is about the shift in Schmidt's position.

"For the last 10 years, we have all been equally involved in making decisions," Schmidt wrote in a post on Google's Blog, referring to himself, Page, and Brin. "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 Page (left) and Sergey Brin (right)

Larry Page (left) and Sergey Brin (right)

As a result, Page will lead product development and technology strategy within Google and take over Schmidt's day-to-day role as CEO starting April 4. As Executive Chairman, Schmidt will focus on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership, in addition to being an advisor to both Page and Brin.

On the followup call to discuss Google's quarterly earnings, Schmidt told analysts that the decision to switch things up would result in "even better success for the corporation." He assured the group that "Larry is ready," and that the move would help clarify how decisions are made within Google.

Eric Schmidt

Эрик Schmidt

In a more amusing (but slightly less reassuring) tweet, Schmidt declared that "[d]ay-to-day adult supervision" would no longer be needed at Google. Does this mean the inmates are now running the asylum? Possibly, but Brin hinted during the call that he had "things" up his sleeve that he'll introduce soon—if that means new toys, then we're all ears.

Source: Ars Technica

Tags: Google, Google+

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

You can use a security key instead of having a code sent to your phone
Adobe says that the AI can now achieve the intended result in seconds
A new security protocol replacing the aging WPA2
Download and install at your own risk, of course
More iPhone parts likely to be produced by Samsung
Starting on Friday, video views on YouTube will start to be counted by the Official Charts Company
LG has already announced two new V-series members in 2018
The method is blocked and the hack doesn’t work, it adds
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (11)