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Google’s CEO Transition Part of Long-Term Plan, Hennessy Says

March 15 (Bloomberg) -- Google Inc.’s move to put co-founder Larry Page back in charge as chief executive officer in April is part of a broader plan, said John L. Hennessy, president of Stanford University.

“This should really be viewed as something that the company was moving to over the long term,” said Hennessy, who sits on the board of Google, owner of the largest Internet search engine. “The time has come, I think, when Larry’s ready to step up to that role -- and really help lead the company and help integrate the product strategy together with the business strategy.”

Eric Schmidt, who has been CEO of Google since 2001, did an “incredible job” in helping lead the company over the past several years, Hennessy said in an interview on “Bloomberg West” today. Mountain View, California-based Google announced in January that Schmidt will step down and become executive chairman.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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