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Larry Page named ‘CEO of the year’ by Investors Business Daily

Following Google Cofounder Larry Page taking over as CEO of the company in April, Investor’s Business Daily named Page its “CEO of the Year.” While noting that Google has increased revenues over the last two quarters by approximately 32 percent, IBD said Page took an “aggressive approach to inspiring one of the Internet’s top performers into something even better.”

Here is an excerpt from IBD’s announcement detailing some of Page’s accomplishments that landed him CEO of the Year:

He reorganized the company’s management structure, redesigned the face of the company’s products and pushed forward with a multibillion dollar deal to acquire a cellphone manufacturing outfit. He also launched two other products aiming at Groupon, the leader of online coupons, and Facebook, the top social networking site.

Google’s Senior Vice President of Search Alan Eustace commented on Page’s transition into the CEO role following his previous position as president of products: