Nest’s CEO steps down

Avatar By Le Williams | 2 years ago

Nest CEO Marwan Fawaz is stepping down as employees push for a change, reportedly, towards anticipation for an executive with greater leadership experience.

Fawaz will remain in an advisory role, with Nest pushing forward under Rishi Chandra, overseeing most of Google’s hardware efforts as VP of Home Products for more than three years, according to sources from CNET.

Further integrations between Nest’s hardware and Google’s other offerings are likely.

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

Nest Labs is an American home automation producer of programmable, self-learning, sensor-driven, Wi-Fi-enabled thermostats, smoke detectors, security cameras, and other security systems. It introduced the Nest Learning Thermostat in 2011 as its first product.

The Nest Protect smoke and carbon monoxide detector were then introduced in October 2013. After the acquisition of Dropcam, the rebranded Nest Cam was introduced in June 2015.

In July 2016, the Nest Cam Outdoor was released.

Co-founded by former Apple engineers Tony Fadell and Matt Rogers in 2010, the start-up company quickly grew to have more than 130 employees by the end of 2012. Google acquired Nest Labs for US$3.2 billion in January 2014, when it had 280 employees, continuing the Nest brand identity.

In November 2015, Nest Labs had grown into more than 1,100 employees, with a new engineering center in Seattle.

Following Google’s reorganization under the parent company Alphabet Inc., Nest has since operated as a division of the company but was merged back into Google’s hardware unit in February 2018.

Notably, the reports of Fawaz’s departure occurs over two years after he took over the role proceeding co-founder Fadell.

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