Google’s present CEO Eric Schmidt had just made an announcement to withdraw his service as CEO after managing the position for about a decade now. Google’s Co-founder Larry Page will take up the challenge of CEOship from 4th of April 2011. However Eric Schmidt would remain as Executive Chairman and would concentrate on external affairs, relations with partners, consumers, governments and so on.
Eric Schmidt at Google Blog says
As Google has grown, managing the business has become more complicated. So Larry, Sergey and I have been talking for a long time about how best to simplify our management structure and speed up decision making—and over the holidays we decided now was the right moment to make some changes to the way we are structured,”
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,” he adds
Another announcement from Google’s come is that Sergey Brin will no longer be the Google President and will take up the role of Co-founder. He would concentrate on the long-term strategy, more favored technology and new products. For Larry Page this seems to be a new experience as he has never worked as CEO for any public company, so he will have to be ready for huge challenges. And because the competition with Apple and Facebook is not unknown, he will have to work even harder.