LAUSANNE, Switzerland & SAN JOSE, Calif. - Logitech (NASDAQ:LOGI) International (SIX: LOGN) (NASDAQ: LOGI) has revealed plans to nominate three new members to its board of directors, including its current CEO Hanneke Faber. The election of the new directors will be held at the company's annual general meeting in Lausanne on September 4, 2024.
The proposed board members are Donald Allan, current president and CEO of Stanley Black & Decker (NYSE:SWK), Inc., and Owen Mahoney, former president, CEO, and representative director of Nexon Co., Ltd. They will join Hanneke Faber, who took over as CEO of Logitech seven months ago.
Wendy Becker, chairperson of Logitech's board, has decided not to seek reelection at the 2025 AGM. Becker has served as chairperson since 2019, a period marked by significant growth for the company. A committee led by board member Chris Jones will be responsible for recommending Becker's successor within the next year.
Becker expressed confidence in the new leadership, praising Faber's successful tenure as CEO and the expertise that Allan and Mahoney will bring to the board. She also acknowledged Patrick Aebischer's contributions to Logitech as he prepares to step down from the board this fall, adhering to the company's limits on board service. Aebischer has been a non-executive board member since September 2016.
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