After Google turns 8.44bn for the last quarter of 2010, Eric Schmidt is turning things back over to Google founder Larry Page.
The reason?
Google is big. Really big. Running something with this much force “has become more complicated,” according to Schmidt. He goes on to say in his post on the Google blog:
So Larry, Sergey and I have been talking for a long time about how best to simplify our management structure and speed up decision making—and over the holidays we decided now was the right moment to make some changes to the way we are structured.
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.
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.
As Executive Chairman, I will focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google’s global reach; and internally as an advisor to Larry and Sergey.
Personally, I find this VERY exciting. Can you imagine changing it up in the middle of grand success? Android, YouTube, Chrome … honestly, you could go on and on. These guys always seem to keep ahead of the curve.
I think there are a lot of things we can learn from Googles success, but one thing really stood out as he finishes up:
We are confident that this focus will serve Google and our users well in the future. Larry, Sergey and I have worked exceptionally closely together for over a decade—and we anticipate working together for a long time to come.
As friends, co-workers and computer scientists we have a lot in common, most important of all a profound belief in the potential for technology to make the world a better place.
We love Google—our people, our products and most of all the opportunity we have to improve the lives of millions of people around the world.
I added the bold typeface so you wouldn’t miss it.
Sounds a little like 8bit, doesn’t it?
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