Nest CEO Tony Fadell Steps Down, to Remain Adviser to Google Co-founder Larry Page
Tony Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet's hardware efforts, has stepped down as chief executive of the search giant's Nest unit, the company said.
Fadell will remain an adviser to Alphabet and Google co-founder Larry Page. He will be replaced at Nest, which makes smart thermostats and smoke detectors, by Marwan Fawaz, who had prior stints at Motorola Mobility and Charter Communications.
Google bought Nest in 2014 for $3.2 billion, one of the company's largest acquisitions ever.
In a blog post announcing his departure, Fadell said Nest's revenue is growing 50% a year and boasted that "the connected home went mainstream because of Nest."
"We've created a hardware + software + services ecosystem, which is still in...