Larry Page has officially taken over as CEO of Google with effect from today. It was declared in the last quarter of 2010-11 that Eric Schmidt will be stepping down as the Google CEO. However, Eric will remain on the payroll and will still be a part of the company as chairman.
As the PC Mag reported Schmidt said he 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.”
Although it is not a very good sign for Google till now as far as Investors are considered as the very first day Google’s stock has declined 1.5% after Page has made his way to Google as a CEO. While this move is not cheered loudly amongst Google investors, this might be the turning point in Google’s strategy once again and Google may lead to offer more interesting and unique offerings unlike the previous ones which failed to make a mark, be it their long time friend Orkut, Buzz or Wave.