Back in January, Eric Schmidt announced that he would be stepping down from the position of CEO to executive chairman of Google. He also mentioned that the CEO’s role would be handled by Larry Page, the co-founder of Google. When Google started, Larry was the first CEO of the search engine company, but after a while Sergey and Larry hired Schmidt or adult supervision.
The company now is at a very successful stage, and no adult supervision is required. Larry has also matured, and Eric feels that Page is now ready to handle day-to-day operations at Google. “We’ve been talking about how best to simplify our management structure and speed up decision making for a long time. By clarifying our individual roles we’ll create clearer responsibility and accountability at the top of the company. In my clear opinion, Larry is ready to lead and I’m excited about working with both him and Sergey for a long time to come,” said Schmidt.
According to Glassdoor.com, Eric Schmidt was the most popular tech CEO last year, with a 95 percent approval rating.