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.
June 7, 2016 By SP&T Staff
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.
Read the full story here.
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