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Google shake-up sees Eric Schmidt step down as CEO, Larry Page takes charge

There's been a big old shake-up at the top of Google, with long-time chief Eric Schmidt stepping aside, and co-founder Larry Page taking the CEO spot. Drama? Intrigue?

Google (you know, that website that lets you find other websites) has undergone a fairly drastic and surprising shake-up at the upper levels of the company, which sees long-time bigwig Eric Schmidt step aside, and co-founder Larry Page taking the reins as Google's new CEO.

Schmidt announced the news on Twitter, joshing, "Day-to-day adult supervision no longer needed!" He's led Google since 2001, working alongside Page and Sergey Brin -- the boffins who started Google in the late 90s.

The changes will take effect on 4 April, at which point Schmidt will be downgraded to executive chairman, focusing "externally, on the deals, partnerships, customers and broader business relationships". Have fun with that, Eric.

Although the change is fairly drastic, it doesn't seem like there's much animosity in the Goog's upper echelons -- Schmidt, Page and Brin have always got along sickeningly well, as you can see in that so-sweet-it-makes-your-teeth-hurt picture of the three larking about in a self-driving car. That's Larry at the front, with the grey hair.

Schmidt hasn't always been involved in Google's business decisions, and apparently wasn't informed when Page and Brin bought Android. "One day Larry and Sergey bought Android, and I didn't even notice," he's reported as saying.

While Google posted insane profits the other day ($8.44bn thankyouverymuch), the search giant has produced a couple of lame ducks recently -- Google Wave was shut down after a disappointing launch, and Twitter-rival Buzz didn't even get off the ground. Perhaps this musical-chairs move is designed to make Google slightly more focused in the future.

What do you reckon? Do you want Google to keep growing? Or do they make you feel all nervous inside? Let us know in the comments or on our spangly Facebook wall