Not sure how much one can read between the lines with the news that Eric Schmidt is no longer Google’s CEO, but that is the case. Larry Page will become the new CEO in April.
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.
Seems like Page wasn’t happy with the overall direction of the company. Regardless, it seems like a good move as Google has been treading water for a few years now. Well, that’s not right. But the company feels listless and directionless. Sure, Android’s been a hit for them, but it doesn’t seem like the company has a unified strategy beyond “let’s roll a bunch of products out and see what sticks.” Not the best strategy for taking on Apple and Microsoft and Facebook and whatever other companies come along.