Eric Schmidt Steps Down as CEO of Google

Eric Schmidt is stepping down as CEO of Google.

In a surprising turn of events, Schmidt will relinquish his responsibilities to co-founder Larry Page starting on Apr. 4 after nearly a decade in the role.

When Schmidt was hired back in 2001, the thinking in tech circles was the Google’s brilliant founders Page and Sergey Brin needed a business-savvy executive to help bring the company to the next level. But as Schmidt put it in a Twitter posting on Thursday (Jan.

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