This just in…via WSJ:
Google Inc. said co-founder Larry Page will replace Eric Schmidt as chief executive, a surprise change atop the Internet giant.
Mr. Page will take charge of day-to-day operations as CEO starting April 4. Mr. Schmidt will become executive chairman of the company, focusing externally on partnerships and government outreach.
Moments after Google announced the change, Mr. Schmidt sent a message to his Twitter followers saying, “Day-to-day adult supervision no longer needed!”
Old timers will recall Larry ran Google before the founders brought in Eric back in 2001. Wow. More on this as it develops.