Campaign India Team
Jan 21, 2011

Co-founder Larry Page takes over Google as CEO

Eric Schmidt will move into a new role as executive chairman, overseeing the company's expansions abroad

Larry Page (left) will take over Google as CEO in April
Larry Page (left) will take over Google as CEO in April

Google has announced co-founder Larry Page will take over as CEO and Eric Schmidt will move into a new role as executive chairman, overseeing the company's expansions abroad.

Page was Google's CEO prior to Schmidt coming on board a decade ago.

Schmidt wrote on Google's blog, "Larry will now lead product development and technology strategy, his greatest strengths, and starting from 4 April he will take charge of our day-to-day operations as Google’s chief executive officer. In this new role I know he will merge Google’s technology and business vision brilliantly. 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."

Schmidt added that in his new role he will focus wherever he can add the greatest value. This includes "externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google’s global reach; and internally as an advisor to Larry and Sergey [Brin]."

Sergey Brin will devote his time and energy to strategic projects, in particular working on new products. "His title will be co-founder," said Schmidt. "He’s an innovator and entrepreneur to the core, and this role suits him perfectly."

Google is now one of the world's largest companies, with more than 24,000 employees and a market capitalisation of more than US$200 billion.

This article first appeared on Campaign Asia

 

 

Source:
Campaign India

Related Articles

Just Published

13 hours ago

MediaCom unveils global repositioning, logo rebrand

Global CEO Nick Lawson is taking a new broom to the agency, which turns 35 this year

13 hours ago

Dentsu reportedly looking to sell Tokyo HQ

A sale could yield close to US$3 billion and be one of Japan's biggest real estate transactions ever, according to published reports

13 hours ago

Ogilvy hires Steve Soechtig to lead global ...

Mark Read, CEO of parent WPP, wants to grow its overall revenue from experience, technology and e-commerce from 25% to 40% by 2025

14 hours ago

Star Sports gets Boman Irani to sabotage English ...

Watch the film conceptualised by the in-house team at Star Sports here