Google turns Page on Schmidt, Larry new CEO
When Google Inc. went public in 2004, the three men running the company promised each other they would remain a ruling triumvirate for at least 20 more years.
Although their commitment to work together until 2024 hasn’t changed, Google CEO Eric Schmidt and company co-founders Larry Page and Sergey Brin are being reassigned in an attempt to recapture the free-wheeling spirit of the company's youth.
The surprise shake-up announced late on Thursday will return Page, 37, to the CEO job he filled in Google's early days. The move ends Schmidt's decade-long reign in a position that also stamped him as the “adult supervisor” of a company that once seemed like a romper room filled with technological wunderkinds.
Schmidt, 55, will stay on as executive chairman. The new role turns him into Page's consigliere as well as a liaison for Google's business partners and government officials.
Brin, 37, will be freed up to work on pet projects aimed at expanding Google's empire.
The changes take effect April 4, leaving the current hierarchy intact through the current quarter.
Google can only hope the new pecking order pans out as well as the old chain of command has. The formula turned Google's search engine into a moneymaking machine, with the latest reminder of the company's prosperity coming Thursday with the announcement that it earned $2.5 billion in the fourth quarter — the most for any three-month period in its 12-year history.
Page started out as Google's CEO when he and Brin started the business in a Silicon Valley garage and kept the top job until the venture capitalists backing the company insisted on bringing in a new leader.
Nikesh Arora to play a bigger role
Indian born Nikesh Arora is among the top executives to watch at the Google post the shake up that will bring cofounder Larry Page back in the CEO’s seat, with Eric Schmidt moving to a largely advisory role as executive chairman.
Arora is expected to play a bigger role at the world’s largest software company by market capitalisation. He is Google’s chief business officer and vice-president in charge of revenue, customer operations and marketing.
Arora joined Google in 2005 coming from T-mobile, America’s number 3 telecom company. He headed Google’s India operations before heading back to the head office. htc/washington