Tony Fadell Leaving Nest; Marwan Fawaz to Take his Place
Tony Fadell, the founder and CEO of Nest Labs which was sold to Google in 2014, is leaving.
Nest Labs, the home automation company was sold to Google for $3.2 billion. Thereafter, Fadell spent two years shaping Google's vision of how to push wares deeper into consumers' lives and keeping them connected.
Fadell's exit from the company was rather abrupt. A statement on Friday, from Alphabet Inc., Google's parent company said Fadell will step down as head of its Nest division with immediate effect. Though, Alphabet and Fadell both made an effort to keep things cordial but things do not turn out to be that way.
For the last few months, the employees of Nest have been grumbling openly about severe problems at Nest. There have been personal penned down attacks directed toward Fadell and also employees at the company have claimed Nest missing its sales targets. Troubles like failed product upgrades and future launch delays have also surfaced through employee grievances. Founder of Dropcam, Greg Duffy, who in 2014 sold his camera startup to Nest, says Nest's divisive culture is responsible for employees leaving the company.
He said, "There is a lot that I could say about my extreme differences on management style with the current leadership at Nest, who seem to be fetishizing only the most superfluous and negative traits of their mentors."
Fadell will be replaced by former executive vice president of Motorola Mobility, Marwan Fawaz.
U.S. network provider AT&T is reportedly...Read More
In a landmark ruling, an Italian court has...Read More
Duluth’s nonpartisan “March for Science” will be...Read More
A new study has revealed that more Americans than...Read More
Using an Earth-sized telescope, an international...Read More
Famed microbiologist Dr. Mark Wainberg, who played...Read More