Logitech’s CEO of 10 years is leaving the corporate for a brand new job. Bracken Darrell has resigned and will likely be “departing the Firm to pursue one other alternative,” according to a Logitech press release. Darrell’s resignation is efficient Tuesday, however he’ll keep at Logitech “over the approaching month to make sure a seamless transition.”
Logitech has lengthy been a well known identify in pc equipment like keyboards, mice, and webcams, however its merchandise grew to become vastly standard in the beginning of the covid pandemic when many individuals needed to study or make money working from home. Nevertheless, the corporate has seen falling revenues now that individuals are returning to colleges and places of work. Beneath Darrell’s watch, Logitech has additionally made some massive acquisitions, together with Blue Microphones (a model that the company is axing), gaming headset maker Astro, and streaming software-maker Streamlabs.
Logitech board member Guy Gecht will likely be stepping in as interim CEO whereas the corporate searches for a brand new chief. Gecht has been on the board since 2019. “After almost a decade of constant development and constructing market management throughout a number of classes, I really feel it is a good level at hand over management,” Darrell mentioned in an announcement. “I wish to thank all of the wonderful individuals throughout Logitech for his or her work by way of the years. I’ll work with Man and the board to make sure a clean transition and I’ll proceed to be a buyer, shareholder, and enduring fan of Logitech and its merchandise.”