The co-founder and CEO of the connected devices company Tony Fadell has made an announcement that he will soon be leaving Nest. Having said that, he will continue to remain as an advisor to the parent company Alphabet.
As per a blog post on the Nest website, Tony Fadell says that he was having the thoughts since late 2015:
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.
The new CEO of Nest will be Marwan Fawaz. Fadell alaso added:
Marwan’s extensive technology and engineering knowledge, his experience with global service providers, as well as his background in connected home platforms will be valuable in continuing our trajectory, especially in scaling the business, working with our partners, and supporting our enterprise channels. I have no doubt that the company will continue to flourish under his guidance and can’t wait to see the innovations currently in development brought to market.
Matt Rogers and Tony Fadell previously worked as principle designers of the original iPod at Apple founded Nest in 2011. The major product came released was the Nest smart thermostat which knows how to heat or cool a home effectively and efficiently. It was in 2014 that Google acquired Nest for a whopping $3.2 billion. The recent few months haven’t been too good for the company in terms of sales expected by Google.