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Source : http://www.thehindubusinessline.com
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last activity : 02 03 2011 13:33:53 +0000
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In a surprise move, Google co-founder Larry Page will replace Eric Schmidt and take over as Chief Executive Officer in April.
Mr Schmidt, who became CEO in 2001, will assume the role of Executive Chairman, focusing externally on “deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership’’, according to the official Google blog spot.
Mr Schmidt would continue to act as an advisor to Mr Page and co-founder Mr Sergey Brin.
“Page will take charge of Google’s day-to-day operations as Chief Executive Officer starting April 4. Brin will focus on strategic projects, in particular working on new products,” Mr Schmidt said in the blog spot.
The management reshuffle has been brought about to “streamline decision making and create clearer lines of responsibility and accountability” at the top of the company, he added.
He said as Google has grown, managing the business has become more complicated.
“We’ve been talking about how best to simplify our management structure and speed up decision making for a long time. By clarifying our individual roles, we’ll create clearer responsibility and accountability at the top of the company,” Mr Schmidt said.
Commenting on the management change, Mr Page said: “Eric has clearly done an outstanding job leading Google for the last decade...we are only at the beginning and I can’t wait to get started.”
Mr Page takes over Google at a time when it is facing competition from social networking site Facebook, which has more than half a billion users since it was founded in 2004. Google also faces competition in mobile advertising from Apple Inc
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