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Eric Schmidt To Executive Chairman At Google Larry Page To CEO

Google just finished their Q4 earnings call with some big news.  Founding partner Larry Page will take the reins as CEO and Eric Schmidt will be elevated to the position of Executive Chairman.

This comes on the heels of Schmidt’s just recently published piece in the Harvard Business review saying that all of Google’s strategic initiatives in 2011 are focused on mobile.

In Scmidt’s new role of Executive Chairmen he will focus on “deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership,” said Google.

Page will take on the day to day CEO role of the company. Sergey Brin, Google’s other founder, will continue to work on strategic products and product development.  It seems that Brin will have his hands full with all of the news coming out of Mountain View as of late.  It was just learned that Johnny Lee Chung, a lead developer for Microsoft’s Kinect, has joined Team Google, which pushes speculation that Google has something Gaming up their sleeves.

Schmidt wrote on his new role. “We’ve been talking about how best to simplify our management structure and speed up decision making for a long time. By clarifying our individual roles we’ll create clearer responsibility and accountability at the top of the company. In my clear opinion, Larry is ready to lead and I’m excited about working with both him and Sergey for a long time to come.”

Source: TechCrunch