Today Google announced the co-founder Larry Page as new Google CEO of the search engine giant effective from April 4th 2011 replacing Eric Schmidt who will now perform as Chairman to deal with strategy and government relations. Sergey Brin stepping down as President of Technology to see  Google’s new and experimental technologies.

That was very sudden for Eric to step down as Google’s CEO and give the helm to a much younger Larry. But I think Eric had done a very good job on steering Google to where it is now. Congratulations Eric.

It means the new structure of Google will be better than the old one. At least for now, there will be someone responsible and decisions will be much faster to cope up with the fast changing technology. Google could have done this a long time before.

Lary Page, who served as Google’s first CEO from 1998 to 2001, now Larry Page will also focus on internal affairs also, especially “product development and technology strategy.” He will be the man who focuses on the nuts-and-bolts of the organization, making sure employees are happy while pushing the ball forward on Google’s overarching initiatives and products.

At Google’s announcement today, Page added, “Eric has clearly done an outstanding job leading Google for the last decade. The results speak for themselves. There is no other CEO in the world that could have kept such headstrong founders so deeply involved and still run the business so brilliantly. Eric is a tremendous leader and I have learned innumerable lessons from him. His advice and efforts will be invaluable to me as I start in this new role. Google still has such incredible opportunity — we are only at the beginning and I can’t wait to get started.”