Nest CEO flies coop 2 years after $3.2B sale to Google
Nest Labs CEO Tony Fadell is flying the coop two years after selling the smart-thermostat maker to Google for $3.2 billion.
Fadell, best known for helping to invent Apple's iPod, announced he was leaving Nest in a Friday blog post. His departure comes after reports published earlier this year detailed intensifying friction within Nest and delays in delivering new products designed for Internet-connected homes.
Both Fadell and Alphabet, the parent company of Google and Nest, depicted the shake-up as a mutual decision.
Fadell will now serve as an adviser to Alphabet CEO Larry Page. While doing that, Fadell promised to look for other ways "to create and disrupt other industries."
Marwan Fawaz, formerly the head of Motorola Mobility's home division, will be Nest's new CEO. Google once owned Motorola Mobility.