Tony Fadell leaves Nest

Tony Fadell is leaving Nest. The former Apple executive, who co-founded the company in 2010, announced his departure on the Nest blog. Fadell will continue to serve in an advisory role to Alphabet CEO Larry Page. Marwan Fawaz, a former executive vice president at Motorola Mobility, is joining Nest as its new CEO. 

In a statement, Larry Page said:

In the Nest blog, as well as in an interview with The New York Times, Fadell is positioning the decision to leave the company has his choice. To the Times, he said, "I’m a guy who’s at the beginning of things. I don’t like to do maintenance mode. It’s not what gets me out of bed." Read more...