Tony Fadell is stepping down as CEO of Nest, he announced in a blog post on Friday. The former Apple engineer and founder of the smart thermostat/device company, which was purchased by Google in 2014 for $3 billion, says he’s moving into an “advisor” role to Alphabet and CEO Larry Page.
Despite recent reports of turmoil within the company, Fadell insists that the move is amicable and the transition has been in progress since late last year. He says he’s leaving the company to new CEO Marwan Fawaz, who was previously CTO of cable company Charter, with a two-year roadmap in place.
Last year, I began discussions with members of my team about my next endeavor. After six years of working on Nest, leading it through 4.5 years of double-digit growth and consistently high marks from customers, I leave Nest in the hands of a strong and experienced leadership team, with Marwan at the helm and a well-defined, two-year product roadmap in place. I’m looking forward to my new role as an advisor to Alphabet and Larry, which will give me more 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.
Nest Labs was founded in 2010 by Tony Fadell and Matt Rogers. Prior to that, Fadell worked at Apple, where he helped create the concept and initial design of the iPod. He was eventually promoted to Senior VP of the iPod Division in 2006, and stayed there until leaving the company in 2008.