Larry Page to take up charge as CEO of Google replacing Eric Schimdt

Google Inc., owner of the world’s most popular search engine, named co-founder Larry Page chief executive officer, replacing Eric Schmidt, who becomes executive chairman.

Mr. Schmidt has been Google's chief executive since July 2001. Now, he will focus on partnerships and government outreach. Google's other co-founder Sergey Brin will focus on strategic projects and new products.

Page will take over day-to-day operations as CEO on April 4.

The executive changes will “streamline decision making and create clearer lines of responsibility at the top of the company,” Google said.

The news came just before Google announced earnings for its most recent quarter. At $8.44 billion, Google's fourth-quarter revenue jumped 26 percent from a year earlier. Profit climbed 29 percent to $2.54 billion.


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