After 10 years, the CEO of Logitech, Bracken Darrell, has resigned from the company in pursuit of another opportunity. The resignation is effective immediately, but Darrell will stay at Logitech for the next month to ensure a smooth transition.
Logitech’s Business During the Pandemic
Logitech is a well-known name in computer accessories such as keyboards, mice, and webcams. However, the company’s products became extremely popular during the COVID-19 pandemic when many people had to learn or work from home. Despite the pandemic-related boost, the company has seen falling revenues now that people are returning to schools and offices.
Logitech’s Acquisitions
Under Darrell’s leadership, Logitech made some significant acquisitions, including Blue Microphones (which the company is now axing), gaming headset maker Astro, and streaming software-maker Streamlabs.
Interim CEO and Future Leadership
Logitech board member Guy Gecht will be stepping in as interim CEO while the company searches for a new leader. Gecht has been on the board since 2019. Darrell stated, “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. 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.”
Logitech’s CEO of 10 years, Bracken Darrell, has resigned from the company to pursue other opportunities. Darrell’s resignation is effective immediately, but he will remain at Logitech for the next month to ensure a smooth transition. Logitech is a well-known name in computer accessories such as keyboards, mice, and webcams, and the company’s products became extremely popular during the COVID-19 pandemic when many people had to learn or work from home. Despite the pandemic-related boost in sales, the company has seen falling revenues now that people are returning to schools and offices. Under Darrell’s leadership, Logitech made significant acquisitions such as Blue Microphones, gaming headset maker Astro, and streaming software-maker Streamlabs. Logitech board member Guy Gecht will be stepping in as interim CEO while the company searches for a new leader.
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