Schmidt steps down, Page the new CEO

Google took the world by shock when it announced that Larry page will be the CEO of the firm starting April. Page will be replacing Eric Schmidt as CEO. This is a very interesting move by Google which has raised multiple questions given when Google is facing competition from Facebook and Twitter.

This is similar to Steve Jobs, founder Apple, coming back to run Apple when the firm was facing serious issues. Though, in Google’s case there is no such urgency as Google dominated the search market last year as well and generated 29 billion dollars in revenue last year. Popularity of Facebook, Twitter etc. which aren’t in search business but nevertheless are eating into Google’s revenues are a concern for the search giant.

Major goal of Page who co-founded Google with Sergey Brin will be to run day to day operations and also to get Google back to top in Web
development. Page is also expected to speed up decision making while Schmidt will look into deals and government outreach as executive chairman.

Most believe that Page would need a strong shoulder at Google who can look at operational chores for him while he can focus on making Google capable of competing against Facebook and Twitter.