Google has a new chief executive officer.
Outgoing CEO Eric Schmidt will step down today and hand the reins of the Internet search giant to Google co-founder Larry Page. It will be a familiar role for Page, who served as CEO from the time he started Google with co-founder Sergey Brin in 1998 until Schmidt took over in 2001. Both Page and Brin have remained active in the running of the company over the past decade. Page was reportedly behind ambitious projects like Google’s goal to create a virtual library of every book on Earth. Google announced Schmidt would be stepping down back in January. Page will be the new public face of Google as the company tries to stay competitive with rivals like Facebook while dealing with a Microsoft antitrust complaint in Europe and increased oversight from the Federal Trade Commission. Schmidt will stay on as Google’s executive chairman.