Logitech CEO Bracken Darrell Resigns Amid Sales Slump
Last Updated: June 14, 2023, 04:28 IST
United States of America (USA)
Chief Executive Officer Bracken Darrell of the pc peripherals maker Logitech addresses a news convention in Zurich, Switzerland March 6, 2019. (Reuters File Photo)
Darrell, who assumed the function of Logitech’s CEO in 2013, will stay with the corporate over the approaching month to facilitate the transition
Logitech SA mentioned on Tuesday that Chief Executive Officer and President Bracken Darrell is resigning from his function efficient instantly and can be leaving the corporate to pursue one other alternative.
Darrell, who assumed the function of Logitech’s CEO in 2013, will stay with the corporate over the approaching month to facilitate the transition whereas a seek for a alternative is performed, the assertion mentioned.
Meanwhile, board member Guy Getch will step in as interim CEO, the corporate mentioned.
The management change comes after Logitech posted a 22% drop in fourth-quarter gross sales in May, as a rising financial downturn continued to hinder the pc peripherals maker from sustaining pandemic-era progress.
“I really feel it is a good level at hand over management,” Darrell said, adding that he will remain a “customer, shareholder and fan” of the Swiss-American tech firm.
(This story has not been edited by News18 employees and is revealed from a syndicated news company feed – Reuters)
Source web site: www.news18.com
