Google has announced that Larry Page will be taking up the mantle of CEO at Google. He replaces Eric Schmidt, who will become executive chairman and focus on tasks like corporate management and government outreach.

Page, who helped co-found Google, takes on day-to-day operations in order to make a cleaner chain of command and streamline decision making. Google’s fourth-quarter earnings were recently announced to be $6.37 billion, beating analyst estimates.

Source: Reuters