Google announced on Thursday, January 20, a reorganization of the triumvirate that runs for ten years: one of its founders, Larry Page, becomes CEO while current CEO, Eric Schmidt, will retain the presidency of the Board of Directors . In a teleconference with analysts, during the presentation of financial results flattering, Mr.Schmidt explained that the current organization where decisions are taken at three, between himself, Mr. Page and the other Co-founder Sergey Brin, had led to red, now that the group has nearly 25,000 employees. "We always take decisions together; (...) it adds delay." THE END OF "triumvirate" Mr.
Schmidt, 55, a PhD in computer science and former head of software company Novell, was hired for his management skills. Under his leadership, Google went public in 2005. He has continued to grow and expand its activities, to compete with giants such as older Microsoft and Apple. Google has reached an annual turnover of almost 30 BILLION dollars, becoming one of the largest market capitalizations in the U.S.
(238 billion). "No other CEO in the world could manage to keep the founders also stubborn, also involved in [the company], while leading the company as brilliantly," said Mr. Page, 37 years to pay tribute to Mr. Schmidt, who will relinquish his post of CEO on April 4. "I learned from him countless lessons," he said.
I started fidgeting with impatience. " EXTERNAL CASES FOR ERIC SCHMIDT M. Page, so far the largest member of the discrete "triumvirate" at the head of Google, will find it the role of CEO he had played since the founding of Google in 1998 until 'to the hiring of Mr. Schmidt in 2001. As Sergey Brin, 37, "he devoted his energies to strategic projects, particularly in the development of new products," said the statement from Google.
During a conference with analysts, Mr. Schmidt, who has more than the title of "executive chairman", said he had "a more strategic view of things", more concerned with the "external issues as internal matters." He will retain a key role for all partnerships and acquisitions of Google and its relations with the authorities, leaving aside the day-to-day.
Internally, it should keep an advisory role. Thursday night's action took Google 2.01% to 12.60 dollars in electronic trading after the close of trading.
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