Google’s CEO Eric Schmidt Stepping Down

Eric Schmidt is stepping down from his position as CEO. This move will take effect April 4, 2011, when he will be replaced by Google’s co-founder Larry Page.

Reports say Larry Page will take charge of the day to day operations as CEO, and Co-founder Sergey Brin will be focussing on strategic projects including development and new products. Schmidt will be taking the role of Executive Chairman, and his focus will be on partnerships, business relationships, government outreach and technology. Given Google’s global reach, it looks like Google believes Schmidt’s focus in these areas will become increasingly important.