Marwan Fawaz Nest’s New CEO has Selling Experience; Will Alphabet use His Skills to sell Nest Labs in Future?
Tony Fadell, who has a significant hand in developing hot selling products like the iPod and iPhone, stepped down as the CEO of Nest Labs, a division of Google's parent, Alphabet.
The problems with Fadell rose from the way how he managed Nest. There has been no new product added by the company which has created excitement in the market in recent times, since Google's purchase of Next in 2014 for $3.2 billion deal.
Nest released, Nest Cam last year which most analysts thought was a rebranded version of a Dropcam product. Dropcam is a camera startup which Nest acquired for $555 million.
Google announced in May that it plans to launch Google Home, its own Internet connected home device. It is going to be a competition for Amazon Echo for sure but many people wondered why it was under Google and not Nest.
Both the companies under Alphabet operate with certain amount of autonomy. Reportedly, as the inner story goes, Nest officials offered to help in developing Google Home and were refused.
Marwan Fawaz, Nest's the new CEO though does not have a history of developing products like Fadell has good selling experience at Motorola, where he oversaw the sale of its home-products division in 2013 to Arris Group for $2.35 billion. That makes some analysts wonder it Alphabet too plans to sell Nest Labs in the future.
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