Eric Schimdt, Chairman of media company and web search giant Google has announced changes to the management team.
The announcement came as a post to the Google Official Blog:
"When I joined Google in 2001 I never imagined—even in my wildest dreams—that we would get as far, as fast as we have today. Search has quite literally changed people’s lives—increasing the collective sum of the world’s knowledge and revolutionizing advertising in the process. And our emerging businesses—display, Android, YouTube and Chrome—are on fire. Of course, like any successful organization we’ve had our fair share of good luck, but the entire team—now over 24,000 Googlers globally—deserves most of the credit," wrote Eric Schmidt.
The change was made to simplify the company's management structure and speed up decision making. The decision was made over the holidays 2010.
"For the last 10 years, we have all been equally involved in making decisions. This triumvirate approach has real benefits in terms of shared wisdom, and we will continue to discuss the big decisions among the three of us. But we have also agreed to clarify our individual roles so there’s clear responsibility and accountability at the top of the company."
Google co-founder Larry Page will lead product development and technology strategy, and starting from 4 April 2010 he will take charge of day-to-day operations as Google’s Chief Executive Officer.
Sergey Brin 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.
Executive Chairman and departing CEO Eric Schimdt focus externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are part of Google’s global reach. Internaly he plans to act as an advisor to Larry and Sergey.