Day-to-day adult supervision no longer needed!

Larry Page will replace Eric Schmidt in an unexpected move as Google announced far better than expected profits.


The company said Page would take over from 4 April when Eric Schmidt will become executive chairman "focusing externally on deals, partnerships, customers and broader business relationships".


Schmidt posted the moves some minutes ago, at Google's official blog:

Larry will now lead product development and technology strategy, his greatest strengths, and starting from April 4 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.

Sergey has decided to devote his time and energy to strategic projects, in particular working on new products. His title will be Co-Founder. He’s an innovator and entrepreneur to the core, and this role suits him perfectly.

As Executive Chairman, I will focus wherever I can add the greatest value: 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.

"Day-to-day adult supervision no longer needed!", Eric Schmidt twitted