Google co-founder Page will be CEO in shake-up

By ASSOCIATED PRESS
January 20, 2011 23:50

SAN FRANCISCO — Google Inc. announced Thursday that co-founder Larry Page is taking over as CEO in an unexpected shake-up that upstaged the Internet search leader's fourth-quarter earnings.

Page, 37, is reclaiming the top job from Eric Schmidt, who had been brought in as CEO a decade ago because Google's investors believed the company needed a more mature leader.Schmidt, 55, will remain an adviser to Page and Google's other co-founder, Sergey Brin, as Google's executive chairman.


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