Nest CEO switch: Fadell steps out, Moto exec steps in

This afternoon Alphabet and Nest announced that they'd be switching up CEOs - Fadell is out and Fawaz is in. That's Tony Fadell who, after six years working on Nest, will be moving into an advisor role with Alphabet, working directly with Larry Page. In his place will be Marwan Fawaz, former executive vice president of Motorola Mobility. There, Fawaz served as CEO of Motorola Home, "overseeing vision, strategy, and operations.