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Google co-founder Larry Page to replace Eric Schmidt as CEO

Google has announced plans to streamline decision making and create clearer lines of responsibility and accountability at the top of the company. Starting from April 4, Google co-founder Larry Page will take charge of the company’s day-to-day operations as chief executive officer, while the current CEO Eric Schmidt will assume the role of executive chairman.

Google has announced plans to streamline decision making and create clearer lines of responsibility and accountability at the top of the company. Starting from April 4, Google co-founder Larry Page will take charge of the company’s day-to-day operations as chief executive officer, while the current CEO Eric Schmidt will assume the role of executive chairman.

From left to right – Eric Schmidt, Larry Page and Sergey Brin in a self-driving car

In his new role, Eric Schmidt will focus externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership. Internally, Schmidt will continue to act as an advisor to Larry Page and another Google co-founder Sergey Brin, who will devote his energy to strategic projects, in particular working on new products.

Eric Schmidt has said, “We have 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 will create clearer responsibility and accountability at the top of the company. In my clear opinion, Larry is ready to lead and I am excited about working with both him and Sergey for a long time to come.”

Larry Page has added, “Eric has clearly done an outstanding job leading Google for the last decade. The results speak for themselves. 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. Eric is a tremendous leader and I have learned innumerable lessons from him. His advice and efforts will be invaluable to me as I start in this new role.”

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