Google Co-Founder Larry Page to Take Reigns as CEO

With news that Google had announced profits that beat expectations, the company is also announcing that current CEO Eric Schmidt will be stepping down from his role and that co-founder Larry Page will become the new CEO. Schmidt will stay on as executive chairman and he will work with Google on deals and government outreach while Sergey Brin, the other co-founder, will focus on strategic products according to a report from CNBC.