Network News

X My Profile
View More Activity
Anchored by Melissa Bell  |  About  |  Get Updates:  Twitter  |   Facebook  |  RSS Feeds RSS Feed
Posted at 4:43 PM ET, 01/20/2011

Google shakedown: Larry Page takes over from Eric Schmidt as CEO; sends Internet into a tizzy

By Melissa Bell
larry page
Larry Page, the new Google CEO (Mario Anzuoni/Reuters)

In a quick post to the official Google blog, Eric Schmidt announced a seismic shift at the search engine company: He would be stepping down. Co-founder Larry Page would take up the role of CEO beginning April 4, following a decade of leadership under Schmidt.

Schmidt writes:

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.

Schmidt says that over the past 10 years he, Page and co-founder Sergey Brin have shared equally in the decision-making for the company.

Schmidt will continue as executive chairman, working on "deals, partnerships, customers and broader business relationships, and government outreach." Brin, under the title of "co-founder," will work on strategic partnerships. "He's an innovator and entrepreneur to the core, and this role suits him perfectly," Schmidt writes.

Schmidt was often seen as the older businessman brought in to help guide the young founders as they parlayed their search engine into a global presence. His tweet announcing the change said as much:

Day-to-day adult supervision no longer needed! than a minute ago via web

The Twitter herd jumped on the news, sending Schmidt and Page up onto trending topics within 20 minutes of the news breaking:

all change in CEO land, apple & now via @ryancarson Holy biscuits. Larry Page is replacing Eric Schmidt as CEO of Google than a minute ago via web

Larry Page has just ousted Eric Schmidt as Mayor of Google on @foursquare. than a minute ago via TBUZZ

Steve Jobs steps back the day before earnings, Eric Schmidt steps back on earnings day. Next Tuesday is Yahoo's earnings report. Carol?less than a minute ago via Twitter for Mac

Interesting how $GOOG jumped almost 2% after-hours on news of the Eric Schmidt / Larry Page executive shuffle.less than a minute ago via web

By Melissa Bell  | January 20, 2011; 4:43 PM ET
Categories:  The Daily Catch  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Fountain Lady may sue, Jeff Koons is suing and Twitter gets sued: Today's legal roundup
Next: Google vs. Groupon; mafia arrests; Bradley Manning on suicide watch

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.

characters remaining

RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company