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Schmidt steps aside as Google CEO, Page takes over

Schmidt steps aside as Google CEO, Page takes over

By:  Juan Carlos Perez  On: 20 Jan 2011 For: IDG News Service Creator

The search engine giant announces a major shakeup in its executive ranks, with one of its co-founders taking on a more corporate role. The switch will be official in April

Google co-founder Larry Page will take over as Google CEO in April from Eric Schmidt, who will remain with the company as executive chairman.

The change is an attempt to streamline the company's top-level decision making process, the company said on Thursday, when it reported its 2010 fourth quarter earnings.

Google's other co-founder Sergey Brin will oversee strategic projects, specifically new products.

Schmidt became Google's CEO in 2001, steering the company through its massive financial growth, including its IPO, as well as through a significant expansion of its technology and business focus beyond its core search engine market.










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juan carlos perez Juan Carlos Perez is a contributor to the International Data Group (IDG) News Service, which publishes global technology stories from bureaus around the world to more than 300 publications in more than 60 countries.
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