Google co-founder Larry Page will today take over the reigns of the company as he replaces Eric Schmidt as CEO of the internet and software behemoth.
Having revealed the plans back in January Page will today take over the day-to-day running of the company he co-founded back in 1998, ending the ten year reign of now former CEO Eric Schmidt, who will now adopt the roll of Executive Chairman.
Founding Google alongside Sergey Brin, the two search engine revolutionaries instated Schmidt as CEO of the web giant back in 2001 to add an air of maturity and a more experienced business mind to the operation.
Discussing the move to instate Page as CEO via an official blog earlier this year Schmidt declared: "For the last 10 years, we have all been equally involved in making decisions.” He added: "This triumvirate approach has real benefits in terms of shared wisdom, and we will continue to discuss the big decisions among the three of us. But we have also agreed to clarify our individual roles so there's clear responsibility and accountability at the top of the company."
As Page gets comfortable in his new role, Schmidt’s position as Executive Chairman will see him advising both Page and Brin on the running of the company and helping to arrange "deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership."
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