New CEO takes over at Google
Google’s co-founder Larry Page takes charge today, as Eric Schmidt stops "adult supervision" to become Executive Chairman
Google co-founder Larry Page today formally becomes the search giant’s chief executive.
The move, announced on 20 January, sees the triumvirate at the top of Google move to a slightly different configuration but all stay closely involved in the business.
Eric Schmidt, formerly chief executive and provider of “adult supervision” to the founders, will become Executive Chairman, while Larry Page will become Chief Executive. Sergey Brin retains his role as co-founder.
Mr Schmidt was brought in to guide Google’s student founders in 2001. Speaking at the announcement in January, he said: “I believe Larry is ready. His ideas are very interesting and clever and it’s time for him to have a shot at running this.
“I am enormously proud of my last decade as CEO and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.”
Mr Schmidt also said that the triumvirate structure had slowed down decision making, and that the changes would help clarify the individual roles so “there’s clear responsibility and accountability at the top of the company”.
However, he reassured investors that he does not expect any “material change” in the way the company is run because “we tend to agree on pretty much everything”.