Logitech Nominates Riet Cadonau to Board
July 14 2020 - 4:15PM
Business Wire
Company Modifies Format of Annual General
Meeting
Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced its
board of directors has nominated Riet Cadonau to be elected as an
independent director at the Company’s forthcoming annual general
meeting (AGM). Cadonau’s nomination will join Hasbro’s Deborah
Thomas’ announced earlier this month.
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the full release here:
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Riet Cadonau (Photo: Business Wire)
Cadonau is the chairman and CEO of dormakaba Holding AG, a
global provider of products, solutions, and services for access to
buildings and rooms. Cadonau will bring senior leadership and
international experience developing solutions combining hardware,
software, and services to the board. Subject to his election,
Cadonau will take up his mandate on April 1, 2021.
“Riet Cadonau has held senior leadership roles in global and
Swiss technology companies for more than thirty years. As a
long-tenured CEO of dormakaba as well as serving on multiple
boards, he will bring a wealth of experience in global business,
M&A, enterprise relationships, and Swiss and international
investor bases,” said Wendy Becker, Logitech’s chairperson. “We are
fortunate that he will join our board when he steps down as CEO of
dormakaba.”
Modified Annual General Meeting
Due to the impact of the COVID-19 pandemic and out of concern
for the health and safety of our shareholders, employees, and
board, Logitech will forgo hosting shareholders at an in-person AGM
this year. Shareholders may exercise their voting rights
exclusively through the independent proxy. Questions related to
company business or meeting proposals will be addressed by
management. Full details will be provided with the proxy
materials.
Additional information regarding the nominees and other
proposals for the AGM will be posted on the Company's website at
http://ir.logitech.com later this month.
About Logitech
Logitech designs products that have an everyday place in
people's lives, connecting them to the digital experiences they
care about. More than 35 years ago, Logitech started connecting
people through computers, and now it’s a multi-brand company
designing products that bring people together through music,
gaming, video, and computing. Brands of Logitech include Logitech,
Logitech G, ASTRO Gaming, Streamlabs, Ultimate Ears, Jaybird, and
Blue Microphones. Founded in 1981, and headquartered in Lausanne,
Switzerland, Logitech International is a Swiss public company
listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global
Select Market (LOGI). Find Logitech at www.logitech.com, the
company blog, or @Logitech.
This press release contains forward-looking statements within
the meaning of the U.S. federal securities laws, including, without
limitation, statements regarding the election of a new director,
the timing of the 2020 AGM, and the timing of the Company’s annual
report and invitation and proxy statement for its 2020 annual
general meeting. The forward-looking statements in this release
involve risks and uncertainties that could cause Logitech’s actual
results and events to differ materially from those anticipated in
these forward-looking statements. A detailed discussion of these
and other risks and uncertainties that could cause actual results
and events to differ materially from such forward-looking
statements is included in Logitech’s periodic filings with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K for the fiscal year ended March 31, 2020, available at
www.sec.gov, under the caption Risk Factors and elsewhere. Logitech
does not undertake any obligation to update any forward-looking
statements to reflect new information or events or circumstances
occurring after the date of this press release.
Logitech and other Logitech marks are trademarks or registered
trademarks of Logitech Europe S.A. and/or its affiliates in the
U.S. and other countries. All other trademarks are the property of
their respective owners. For more information about Logitech and
its products, visit the company’s website at www.logitech.com.
(LOGIIR)
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version on businesswire.com: https://www.businesswire.com/news/home/20200714006008/en/
Ben Lu, CFA Vice President, Investor Relations - USA (510)
713-5568
Nicole Kenyon Head of Global Corporate & Employee
Communications - USA (510) 988-8553
Ben Starkie Corporate Communications - Europe +41 (0)
79-292-3499
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