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Larry Page taking over as Google CEO, Eric Schmidt will remain as Executive Chairman

By Nilay Patel posted Jan 20th 2011 4:06PM

Breaking News

Google's Q4 financial results press release contains a bombshell: as of April 4, co-founder Larry Page (on the far right, above) will replace Eric Schmidt as CEO and assume responsibility for day-to-day operations and product development and strategy. That doesn't mean Schmidt is leaving -- he'll carry on as Executive Chairman and serve as an advisor to Page and co-founder Sergey Brin, focused on external things like "deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership." As for Sergey, he'll now "devote his energy to strategic projects, in particular working on new products," with the simple title of Co-Founder.