Tony Fadell, founder of Nest, is no longer the smart home firm's CEO, he announced today.
"I have decided that the time is right to 'leave the Nest,'" Fadell wrote in a blog post.
While the news may strike some as sudden, Fadell noted the leadership transition has actually been underway since late last year.
He won't be gone completely from Alphabet, which owns Nest, and will stay on as an adviser to the firm and Larry Page. This role will allow him to stay involved with Nest, just not in the day-to-day operations.
So what will Fadell, credited as the "father of the iPod," do now?
"This will give me the 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," he wrote.
More to come...
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