Thaindian News

By Ranjan Bhaduri
Jan 21, (THAINDIAN NEWS) The tech industry is abuzz with the news of the unexpected resign of the CEO of internet search giant Google namely Eric Schmidt. The outgoing CEO of Google joined the company ten years back and since then he has been a part of its massive growth and success. It has been reported that Larry Page the co founder of Google will assume the role of the new CEO. This pivotal change comes at a time when Google is gearing up to make foray into new and emerging areas of technology such as cloud computing. The outgoing CEO explained in the official Google blog why he is stepping down from his position. He wrote that over the years Google has grown by leaps and bounds as a company and pioneered many new trends in technology. However, the management of various works have become complicated and the change in the leadership is meant for simplifying the workflow.

However Eric Schmidt made it clear he will continue to be involved in the progress of the company. He is likely to continue Exec chairman of the company. The change in top portfolio comes at a time when Google presented its shining 4th quarter earnings.

The California based company said the changes were made to “streamline decision-making and create clearer lines of responsibility and accountability at the top of the company.” Google is also involved in managing its multiple new ventures and it is chalking out strategies of tackling the threat in social networking domain given by Facebook. The change in leadership is also being interpreted as Google’s comeback to its technological roots by some.