Google’s Larry Page to take over as CEO – Eric Schmidt is Out!!
Google co-founder Larry Page will take over as chief executive officer starting April 4. Eric Schmidt will assume the role of executive chairman, according to a statement on the companys website. Page, 37, is reclaiming the top job from Eric Schmidt, who had been brought in as CEO a decade ago because Google’s investors believed the company needed a more mature leader. Schmidt, 55, will remain an adviser to Page and Google’s other co-founder, Sergey Brin, as Google’s executive chairman.
“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,” Schmidt said. Page praised Schmidt, too. “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,” Page said.
“Eric is a tremendous leader and I have learned innumerable lessons from him”
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