Big management changes come to Google: Larry Page replaces Schmidt as CEO

Just before we hear the financial call from Google, a new blog post on the Official Google Blog tells us of some big changes coming to the management structure of the company. Eric Schmidt will be stepping aside as CEO and Larry Page will fill his shoes. Sergey Brin will be moving to the title of Co-Founder and Schmidt will step in as Executive Chairman.

But why? That’s explained in the blog post:

For the last 10 years, we have all been equally involved in making decisions. This triumvirate approach has real benefits in terms of shared wisdom, and we will continue to discuss the big decisions among the three of us. But we have also agreed to clarify our individual roles so there’s clear responsibility and accountability at the top of the company.

The post, written by Schmidt, goes on to say that the changes will take place on April 4th. Schmidt then clarifies that as Executive Chairman, he will be handing “deals, partnerships, customers and broader business relationships” among other duties.

We are confident that this focus will serve Google and our users well in the future. Larry, Sergey and I have worked exceptionally closely together for over a decade—and we anticipate working together for a long time to come.

We’ll be reporting back, once the financial call happens. Here’s hoping that perhaps more detail is included during that time. The blog post, as it stands, does clarify the changes but certainly doesn’t hold much insight as to why they happened.