Page Replacing Schmidt as Google CEO


Google co-founder Larry Page is replacing Eric Schmidt as CEO effective April 4.
That is according to a blog posting from Schmidt posted Thursday.
Schmidt, who was brought in during 2001, said that "now was the right moment to make some changes to the way we are structured."
"Day-to-day adult supervision no longer needed!, Schmidt tweeted (!/ericschmidt) a reference to the fact he was retained to help run a company started by college kids in a dorm room.
Schmidt will remain executive chairman of the company.