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Nest Co-Founder Tony Fadell is Stepping-Down

Nest-Co-Founder-and-CEO-Tony-Fadell-Stepping-Down

 

 

Nest co-founder Tony Fadell (current CEO) is stepping down from the company he launched in 2010. Tony Fadell’s departure comes two years after he sold Nest to Google for the sum of $3.2 billion.

Nest is a home automation company that makes connected home appliances and is well-known for its thermostat and smoke detector.

Tony Fadell is well known for leading the engineering team that developed the iPod while with Apple Inc, he left Apple to co-found Nest in 2010.

In recent months, CEO Tony Fadell has been criticized by people inside and outside the company for some of his product and leadership decisions; but, some sees him as a genius, and he has been described many times as a perfectionist.

According to a Blog post by Tony Fadell: Leaving the Nest.

“Although this news may feel sudden to some, this transition has been in progress since late last year and while I won’t be present day to day at Nest, I’ll remain involved in my new capacity as an advisor to Alphabet and Larry Page. 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 same – just as we’ve done at Nest. We should all be disrupters!”

Read More: Nest co-founder and CEO Tony Fadell steps down.

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