Logitech Announces CEO Departure
June 13 2023 - 04:10PM
Business Wire
Board Member Guy Gecht Appointed Interim CEO;
Bracken Darrell to Depart Logitech
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR
— Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced
today that Bracken Darrell, president and chief executive officer
(CEO), will be departing the Company to pursue another opportunity.
Darrell’s resignation as president, CEO, and as a member of
Logitech’s board of directors is effective today, but he will
remain with the company over the coming month to ensure a seamless
transition. In line with the board's established succession
planning process, board member Guy Gecht will step into the role of
interim CEO while a global search of internal and external
candidates is conducted.
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GUY GECHT Interim Chief Executive
Officer, Logitech (Photo: Business Wire)
“As an experienced CEO, and member of Logitech’s board since
2019, Guy has a deep understanding of Logitech and its strategy,
and is well-placed as interim CEO to oversee the continued
execution of the company’s strategy,” said Wendy Becker, Logitech’s
chairperson of the board. “We thank Bracken for his leadership
during an exciting era of transformation at Logitech. Over his ten
years as CEO, Bracken oversaw a period of consistent growth and
helped to transform Logitech into an award-winning design company
known for its unparalleled product innovation. We wish him well in
the future and look forward to identifying his successor.”
“Logitech is in an exciting position, with many opportunities
ahead,” said Guy Gecht. “The company is a leader in growth markets,
its product innovation engine is an industry hallmark, all
underpinned by a strong financial foundation and a world-class
leadership team. I look forward to working with this team to
continue executing on the company’s strategy.”
“After nearly a decade of consistent growth and building market
leadership across multiple categories, I feel this is a good point
to hand over leadership,” said Bracken Darrell. “I want to thank
all the amazing people across Logitech for their work through the
years. I will work with Guy and the board to ensure a smooth
transition and I will continue to be a customer, shareholder, and
enduring fan of Logitech and its products.”
About Guy Gecht
Guy Gecht has been a non-executive member of Logitech’s board of
directors since September 2019. Until taking on the role of interim
CEO, he served on Logitech’s Audit Committee and as the chair of
the Company’s Technology and Innovation Committee.
Guy Gecht is the former founder and co-chief executive officer
of E.Merge Technology Acquisition Corp. Prior to co-founding
E.Merge in June 2020, Gecht was the chief executive officer of
Electronics for Imaging, Inc. (EFI), a then publicly-traded company
specializing in digital printing technology, a position that he
held from 2000 to 2018. He currently serves on the board of
directors of Check Point Software Technology Ltd. To learn more
about Guy Gecht, his biography is available on the Logitech
website.
About Logitech
Logitech helps all people pursue their passions and is committed
to doing so in a way that is good for people and the planet. We
design hardware and software solutions that help businesses thrive
and bring people together when working, creating, gaming and
streaming. Brands of Logitech include Logitech, Logitech G, ASTRO
Gaming, Streamlabs, Blue Microphones and Ultimate Ears. 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.
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/20230613009681/en/
Nate Melihercik, Head of Global Investor Relations -
ir@logitech.com Nicole Kenyon, Head of Global Corporate and
Internal Communications - nkenyon@logitech.com (USA) Ben Starkie,
Corporate Communications - +41 (0) 79-292-3499,
bstarkie1@logitech.com (Europe)
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