Larry Page replaced Eric Schmidt as CEO of Google

Eric Schmidt, CEO Google.



Google is to publish its financial results for the fourth quarter and announced the news that the co-founder of Google, Larry Page replaced Eric Schmidt as CEO. Change comes into force on 4 April.
 Page, who was the first director of Google od 1998 - 2001, will take over daily operations, while Schmidt will assume the role of executive president of Google and "usredototočiti on external negotiations, partnerships, customers and the wider business relationships, " as Google says in a statement. He will continue to act as an internal advisor to Google's other co-founder Sergey Brin, who oversees Google's strategic projects, "Schmidt explained the company blog.
 Or, as he wrote on Twitter, "Day-to-day adult supervision no longer needed", or daily supervision of operations of the company is no longer needed.
 With this news, came another. Specifically, Schmidt sold more than half a million shares of Google, and this transaction will bring its 335 million U.S. dollars.
 Although this seems a lot, it was only a small part because Schmidt has a total of 9.2 million shares of Google, which is 2.9% of the company.
 Once you sell the shares, and will continue to own 2.7% of Google and keep 9.1% of voting rights through its ownership of Google's Class B shares.