April 4 (Bloomberg) -- Google Inc. Senior Vice President Jonathan Rosenberg plans to step down, a move that may give freer rein to new Chief Executive Officer Larry Page as he tries to shake up the company.
Rosenberg announced his resignation today, the Mountain View, California-based company said in an e-mailed statement. He oversaw the design and creation of all of Google’s products, including consumer and business services.
Page, who took the CEO job from Eric Schmidt today, has pledged to create a more nimble, startup-minded culture at the company. The departure of a senior leader may help that plan by making business divisions more autonomous, said Stephen Miles, vice chairman at executive consulting firm Heidrick & Struggles.
“What they will try and do is embed people in specific business units in order to speed up those businesses, instead of having an overarching group of people who pick and choose where they spend their time,” Miles said.
Rosenberg joined Google in 2002 after working at Excite AtHome Corp., Apple Inc. and other Silicon Valley companies. Last month, Google awarded him a bonus of $1.7 million and $5 million in stock.
“Jonathan is phenomenal -- hugely energetic, strategic, a man of real principle who always puts the user first,” Page, 38, said in a statement. “He’s been crucial to our success over the last nine years.”
Need for Speed
Page, who co-founded Google with Sergey Brin in 1998, faces the challenge of invigorating a company that now has annual revenue of almost $30 billion and a market value approaching $200 billion.
“Every time we increase the size of the company, we need to keep things going to make sure we keep our speed, pace and passion,” he said in an interview earlier this year.
Schmidt, 55, had served as CEO for a decade. He will stay with Google as executive chairman.
Google fell $4.12 to $587.68 today in Nasdaq Stock Market trading. The shares have declined 1.1 percent this year.
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