(Reuters) – Alphabet Inc unit Nest, which makes smart thermostats, said Chief Executive Tony Fadell would step down.
Search giant Google bought Nest in 2014 for $3.2 billion, aiming to lead the way on how household devices link to each other and to electricity grids.
Marwan Fawaz will replace Fadell, the company said in a blog post. (http://bit.ly/1r5SIvV)
(Reporting by Narottam Medhora in Bengaluru; Editing by Maju Samuel)