Nest CEO Tony Fadell Steps Down – What’s Next For The Company

Things are tough when a CEO tenders his resignation equally the caput of the visitor, and at Nest, the employees must exist contemplating on what is to get after the firm'due south CEO Tony Fadell appear that he was leaving.

Nest CEO Tony Fadell Contributed In Making The iPod – States He Will Be Involved In An Advisory Position

Tony Fadell appear on Friday through a weblog postal service that he was leaving the company. The sometime executive explains through a blog postal service explaining on how this determination was in transition for a long time:

"While there is never a perfect time to transition, nosotros've grown Nest to much more than a thermostat company. We've created a hardware + software + services ecosystem, which is all the same in the early growth stage and volition go along to evolve to movement further into the mainstream over the coming years. The future of Nest is every bit as bright given the strong and experienced leadership team in place, also as the two-year product roadmap nosotros've developed together to ensure the right future management.

Although this news may feel sudden to some, this transition has been in progress since tardily last twelvemonth and while I won't exist present day to twenty-four hour period at Nest, I'll remain involved in my new capacity equally an advisor to Alphabet and Larry Folio. This will give me the time and flexibility to pursue new opportunities to create and disrupt other industries – and to support others who want to do the aforementioned – just equally nosotros've washed at Nest. We should all exist disrupters!

I will miss this company and my Nest family (although I'll be around to provide advice and guidance and assistance the squad with the transition), but I am excited near what'due south coming next, both for Nest and for me."

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Google had earlier acquired the startup for $iii.2 billion in cash and erstwhile Charter Communications CTO Marwan Fawaz volition assume the role of CEO moving forward. According to Fadell, while he might no longer be immersed in the day to solar day operations of the company, he is still going to have up an advisory position alongside Alphabet CEO Larry Page. While readers believe that Fadell might accept left on his own accordance, at that place is always a history backside 1's resignation.

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During the month of March, Dropcam founder Greg Duffy published a mail on Medium, which provided evidence suggesting that he made a mistake selling his company to Nest. Boosted prove sprouted up thanks to a contempo interview with The New York Times, where Fadell stated that he does not similar to practise maintenance work, which could mean that the pressure of leading a company could be too much to handle for him. Regardless, if this decision has given him peace of heed knowing that the company is in skilful easily, well then good luck to him on his time to come path.

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