Recently, Google has announced that Eric Schmidt, their current CEO since 2001, will be stepping down from the position in April and will be replaced by one of Google’s co-founders, Larry Page.

However, Schmidt will not be leaving the company altogether; he will remain with Google as the Executive Chairman of the company and will focus on things, such as working “externally, on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership.”, according to a post on Google’s official company blog.

Larry Page, one of the Google’s co-founders who will be taking over as CEO of Google starting on April 4, will be focusing on leading product development and technology strategy, which according to Google’s blog post, are his greatest strengths.

Sergey Brin, who co-founded Google with Page in September of 1998, while the two were Ph.D. students at Stanford University, has decided to devote his time and energy to working on strategic projects and in particular, new products.

As Google’s Executive Chairman, Schmidt will be focusing wherever he will be able to add the most value and will serve, internally, as an advisor to Page and Brin.

For more information regarding Google’s CEO, Eric Schmidt, stepping down from his position in the company, you should check out this post on Google’s Official Blog, as well as this article on TechCrunch.