Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that
Whirlpool EMEA leader Bracken P. Darrell will join Logitech as
president, effective April 9, 2012. Reporting to Guerrino De Luca,
Logitech chairman and chief executive officer, Mr. Darrell will assume
responsibility for research and development, sales and marketing,
manufacturing, supply chain, IT, human resources and legal functions.
The company’s finance organization and LifeSize division will continue
to report to Mr. De Luca until January 1, 2013, at which time Mr.
Darrell will succeed Mr. De Luca as chief executive officer.
“Bracken Darrell and Logitech are an excellent match,” said Guerrino De
Luca. “Bracken has a proven track record in highly successful global
companies, with experience in operations, product innovation, marketing,
service and brand management. He is a change agent, having driven
innovation and transformation for iconic consumer brands. Bracken brings
a passion for keeping the consumer at the heart of decisions as well as
a fresh perspective on our business. The board of directors and I
believe that Bracken is the right individual to drive our company to
renewed profitable growth, and I am thrilled to work with him on his
transition from president to CEO.”
Bracken Darrell, age 49, joins Logitech from Whirlpool Corporation,
where he has been serving as executive vice president of Whirlpool
Corporation and president of Whirlpool EMEA. Prior to joining Whirlpool
in 2008, Mr. Darrell was with Procter & Gamble, most recently as
president of Braun globally, based in Germany. In addition to serving in
Procter & Gamble for twelve years, Mr. Darrell spent five years with
General Electric Company, most recently as general manager of Consumer
Home Service for GE Appliances. Mr. Darrell previously held positions
with PepsiCo and Arthur Anderson. He received an M.B.A. degree from
Harvard University in 1991 and a B.A. degree from Hendrix College in
1985.
“I’m very excited to take on this role,” said Bracken Darrell.
“Logitech’s strong history of innovation, design, and leadership in this
space makes it extremely compelling to me. I’ve been a fan of Logitech
products for years, so I’m eager to join Guerrino in driving the company
toward renewed growth and increased profitability.”
Teleconference and Webcast
Logitech’s chairman and chief executive officer, Guerrino De Luca, will
hold a webcast to discuss Mr. Darrell’s appointment on March 15, 2012 at
10:30 a.m. Eastern Daylight Time and 15:30 Central European Time. A live
webcast of the call will be available on the Logitech corporate website
at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the
digital experiences they care about. Spanning multiple computing,
communication and entertainment platforms, Logitech’s combined hardware
and software enable or enhance digital navigation, music and video
entertainment, gaming, social networking, audio and video communication
over the Internet, video security and home-entertainment control.
Founded in 1981, Logitech International is a Swiss public company listed
on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).
Logitech, the Logitech logo, and other Logitech marks are registered in
Switzerland 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 Web site at www.logitech.com.
(LOGI – IR)
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