Eric Schmidt has stepped down as the CEO of Google. Larry Page will be the new Product Development and technology strategy lead. He will take charge of the CEO role and manage day-to-day operations from April 4.
Sergey Brin will work on strategic projects and will be more involved in working on new Google products. He will continue to remain Co-founder of Google.
According to official Google Blog Here
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.