Eric Schmidt Steps Down; Larry Page New Google CEO

Google’s, yes THE Google, CEO Eric Schmidt has formally announced that he is going to step down from the proverbial ladder of Google-topia as he leaves co-founder Larry Page to become the next head honcho of the one of the world’s most successful companies for the past decade. It’s really a mystery why Eric Schmidt would leave Google despite a stellar performance that left analysts dumbfounded last 2010. But it seems it’s more of a personal choice rather than a performance issue.

In a blogpost, Schmidt has expressed that things might go faster and better with a simplified management structure. And the start of the year 2011 seems to be the right time to do things.

“As Google has grown, managing the business has become more complicated. So Larry, Sergey, and I have been talking for a long time about how best to simplify our management structure and speed up decision making–and over the holidays, we decided now was the right moment to make some changes to the way we are structured.”

So what will be the fate of Google with Eric Schmidt out of the picture? Well the company has certainly set the bar to almost everything they touch. And with one less man making the decisions, a company lead by the next best persons, Larry Page and Sergey Brin, maybe this might help accelerate the growth to new heights. Although they’ll have one less perspective in making critical choices.

Either way, God speed to Eric Schmidt in all of his endeavors.

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