Eric Schmidt, chairman and CEO of Google, and a member of the President's Council of Advisors on Science and Technology, will step down as CEO at the search engine giant in April. Schmidt will move into the newly created position of executive chairman and will focus on “deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership,” according to a company news release issued along with quarterly financial results. In 2008, Modern Healthcare readers voted Schmidt the second most powerful man in healthcare as his company launched Google Health that year to provide a platform for personal health records and compete with rival Microsoft HealthVault. Last month, PCAST delivered a somewhat controversial report to President Barack Obama, chiding federal policymakers for moving too slowly on health information exchange. It also called for federal influence to be brought to bear on the industry to adopt a uniform language of health information exchange that includes the use of metadata tagging to improve data access for research and privacy protection. Obama appointed Schmidt to PCAST in 2009. Meanwhile, on April 4, CEO duties at Google will be handed over to company co-founder Larry Page, who will oversee daily operations, according to the release. Google reported revenue of $8.44 billion for the quarter ended Dec. 31, and net income of $2.54 billion.
Late News: Google CEO Schmidt to step into new position
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