Eric Schmidt is stepping down from his role as CEO. The move will take effect April 4, as he will be replaced by one of Google’s co-founders, Larry Page.
Early reports are saying Larry Page will take charge of day-to-day operations as CEO. Co-founder Sergey Brin’s focus will be on strategic projects including development of new products. And, Schmidt will be assuming the role of Executive Chairman, with his focus being on business relationships, partnerships, government outreach and technology. Given Google’s global reach, it appears Google believes Schmidt’s focus and thought leadership in these areas is becoming increasingly important.