Word out of the Google Earnings call is that as of April 4th, Larry Page will be taking over as CEO of Google from Eric Schmidt. Schmidt will remain as “Executive Chairman” and adviser to the founders. His role will focus on “deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership.”
Larry Page of course takes on the day-to-day but Brin will be focused on “strategic projects, in particular working on new products,” according to the company. Basically this is more of a shuffle than anything else and the clearer defined roles marks a maturing (and disciplining) of Google’s strategic approach. Whether or not because of this news, Google shares were slightly lower on the day. You can read up on the Q&A here.
In other news from the earnings call, Google grew it’s revenues 26% in the 4th quarter to $8.44 Billion. You can view their Quarterly Earnings Summary in the slides below:
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