Larry Page became CEO of Google

As announced back in January, April 4, Larry Page became executive director of Google. He already held this position until 2001.

For the past ten years, the executive director of Google was Eric Schmidt. He was hired by co-founders of the company Larry Page and Sergey Brin at the insistence of investors for "adult control".
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It is obvious that the co-founders no longer need such control. According to Schmidt, Page is ready for the management of the company. As chief executive officer, Larry will be responsible for the company's operations, as well as managing product development and shaping a technology development strategy.

Eric Schmidt himself retained the post of chairman of the board of directors. According to official statements by Google, over the past ten years, he “helped the young company from Silicon Valley to become the world leader in technology” and “under his leadership, the company has significantly expanded its infrastructure and product mix, while maintaining a pronounced innovative culture.”

As chairman of the board of directors, Schmidt will be responsible for Google’s external activities, including building partnerships and expanding business contacts, participating in government programs and developing technologies.

Sergey Brin, now officially called simply “co-founder”, will “lead special projects”.

Despite the clear success of the company ($ 8.44 billion in the fourth quarter), its new CEO will face a number of problems that need to be resolved.

Firstly, Google cannot conquer the space of social networks, while Facebook is growing. Google Buzz was a clear failure, Orkut could not fly for many years, and rumors about the creation of a competitor Fesbuku are just rumors.

Secondly, Google has problems in the Chinese market. Company revenues in China are growing, but not as fast as they could have been. Google also claims that the Chinese government is slowing down Gmail. Google is also trying to make Google Maps work in China without transferring its source code to the Chinese government. And at this time Baidu rushes forward.

Third, the company is increasingly accused of monopolizing search space and violating user privacy. Google needs to convince the world that it is an empire of good, not evil.

We wish success to Larry!