Schmidt will be the CEO, focusing on the "partnership of consumers, trade and expanding relations, communication and technology thought leadership."
Other groups founders, Sergey Brin, a more active role in strategic projects such as this product. The role as head of the country.
The change took effect April 4, 2011.
Schmidt explained the move in a blog post, saying: "We also agreed to clarify our roles individual that there is no clear responsibility and accountability in the upper part of the company."
He added: "Business is more complex," and Google "to accelerate decision-making process," he nodded home page.
As for the ability to lead the company's sites, Schmidt said, "Larry, I think, clearly, is ready to lead."
This news came out of nowhere, as reflected in the movement of shares after hours. He pointed to strong earnings, and then down again, and now about 1%. Investors, along with the rest of the world are trying to technology and a way to make the news.
We have got the reply: .. "This is not a defeat for Google, however, seemed to be not only Eric's ambassador to Google, and speaks to the media and conferences in the reading of the company that Brin and Page, and key strategic decisions for a period of time, was driving his car.
With Page and Brin take a more active role in the management of Google, we believe that the company is as strong as ever forming.
We understand the speculation: "We were happy before Eric Schmidt of the company, Sergey and Larry were frustrated dealing with it. Note that the quote from Schmidt, Google "will speed up decision-making process."
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