Jan 21, 2011

Google CEO Schmidt steps down search giant shake-up

Google Inc. co-founder Larry Page is taking over as CEO in an unexpected shake-up.

Page, 37, is reclaiming the top job from Eric Schmidt (pictured), who had been brought in as CEO a decade ago because Google’s investors believed the company needed a more mature leader.

Schmidt, 55, will remain an adviser to Page and Google’s other co-founder, Sergey Brin, as Google’s executive chairman.