Earlier in the year, we shared the news that Eric Schmidt would eventually step down as CEO, and that co-founder Larry Page would eventually re-take that position. Today that eventuality became reality. As CEO, Mr. Page will be making all the strategic and product development decisions, while the other co-founder, Sergey Brin, will still be focused on developing new projects for Google. It's also important to note that Eric Schmidt will still hold the Executive Chairman position and will focus on outward-facing deals and partnerships for the company. It seems that 'the ship' is still in good hands, and it will be interesting to watch how the company continues to evolve in the future.

Source: Engadget