Chief executive of Alphabet Inc's Nest unit steps down

Chief executive of Alphabet Inc's Nest unit steps down

Honoree and founder of Nest, Tony Fadell, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year in New York April 29, 2014. REUTERS/Lucas Jackson

Tony Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet Inc’s hardware efforts, has stepped down as chief executive of the search giant’s Nest unit, the company said.

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