During its Q4 earnings disclosure, Google announced that co-founder Larry Page will take over the CEO role effective, April 4th, from Eric Schmidt. Mr. Schmidt will remain with the company and assume the role of Executive Chairman
Sergey Brin, also a Google co-founder, will focus on new, strategic projects for the company.
As their search business matures, Google has become more like the Microsoft of old: stodgy. That was a losing stance in the face of direct competition in the mobile space from a youthful-seeming Apple. This set of moves puts the founders back in the driver’s seat while retaining Schmidt’s talents at deal-making and schmoozing.