Tony Fadell, explaining his departure from the company he founded, tells the New York Times it was time to move on. Fadell was a co-founder of Nest in 2010, and led the maker of smart home devices for six years, including the last two under the ownership of Google.
Fadell’s departure comes after months of controversy regarding his leadership, according to a June 3 story in the New York Times.
While some media sites describe “stymied product development and disappointing revenue growth” at Nest, a statement from Alphabet, Google’s parent company, says Nest’s revenue growth was in excess of 50 per cent a year since it began shipping products in 2011.
Nest is the linchpin of Alphabet’s bet on the emerging smart home market. Fadell will be succeeded by Marwan Fawaz, a former executive vice president of Motorola Mobility, the mobile phone maker Google bought in 2011.
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