Former Google CEO Eric Schmidt announced that Larry Page will be replacing him starting April 4th, 2011. However, “Schmidt will take the role of ‘Executive Chairman’ and will focus on ‘deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership,’ the company says.” Continue reading for the news report.

Sergey has decided to devote his time and energy to strategic projects, in particular working on new products. His title will be Co-Founder. He’s an innovator and entrepreneur to the core, and this role suits him perfectly.

[via GoogleBlogTechCrunch]