Nest isn’t in good shape, and that shouldn’t surprise anyone. Alphabet isn’t happy with their revenue, the Dropcam buyout hasn’t been smooth, and the connected home market is still experiencing a ton of growing pains. Under those conditions, it’s no shocker that they’re about to see a CEO shift.
Current CEO, Tony Fadell, has announced that he’ll be leaving Nest to focus on his upcoming electric go-kart company. He wasn’t pushed out or fired, however; this move is voluntary, and partly thanks to Nest currently being in “maintenance mode,” according to Fadell, and that’s not the kind of thing that keeps him motivated to go to work every day. I can’t say I blame him.
So, who’s replacing him? Marwan Fawaz, who has experience at both Charter Cable and Motorola Home. That’s good news for Nest, at least, since they’re bringing someone on board that has some background in related tech. With that being said, Nest currently has a two-year roadmap in place for new products, so everything over the next 24 months will still have Fadell’s stamp on it. After that, we’ll see Fawaz get more control over things, so it’s just a matter of keeping the ship sailing straight in the short term.
Google purchased Nest with the Google attitude of letting them throw things at a wall to see what sticks, whether or not it made much money. Now that Nest is horizontal to Google and underneath the oversight of Alphabet, things look a bit more murky for a company that’s consistently failing to release commercially successful products.
source: The Verge