Nest’s CEO is stepping down

Five months ago, Google decided to rein Nest in. After 4 years as a mostly independent division of the company, Nest was rolled into Google’s hardware team. Today, more big changes: Nest CEO Marwan Fawaz is stepping down, according to a report by CNET. The reason? Employees at Nest had reportedly been pushing for a […]

Five months ago, Google decided to rein Nest in. After 4 years as a mostly independent division of the company, Nest was rolled into Google’s hardware team.

Today, more big changes: Nest CEO Marwan Fawaz is stepping down, according to a report by CNET. The reason? Employees at Nest had reportedly been pushing for a change, hoping for someone who had more leadership experience.

This news comes just a little over two years after Fawaz took over the role after the departure of co-founder Tony Fadell.

Fawaz is said to be staying on in an advisory role, with Nest pushing forward under Rishi Chandra, who’s been overseeing most of Google’s hardware efforts (Home, Chromecast, Google WiFi, etc) as VP of Home Products for over 3 years.

As they confirmed to us back in February: the Nest brand itself will continue to live on at Google, and the company isn’t expecting any layoffs.

We’ve reached out to Google and Nest for more details, and will update accordingly if we hear back.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.