Nest co-founder and CEO Tony Fadell departsTony Fadell, the co-founder and CEO of Nest, has announced he will be leaving the connected devices company. He will remain as an advisor to its parent company Alphabet.
In a blog post on the Nest site, Fadell stated that this move was in the works since late 2015 He added:
While there is never a perfect time to transition, we've grown Nest to much more than a thermostat company. We've created a hardware + software + services ecosystem, which is still in the early growth stage and will continue to evolve to move further into the mainstream over the coming years. The future of Nest is equally as bright given the strong and experienced leadership team in place, as well as the two-year product roadmap we've developed together to ensure the right future direction.
Marwan Fawaz will take over as the new CEO of Nest, Fadell stated:
Marwan's extensive technology and engineering knowledge, his experience with global service providers, as well as his background in connected home...
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Nest co-founder and CEO Tony Fadell departs
