Plantronics (PLT) Announces Retirement of CFO Barbara Scherer

Plantronics (NYSE: PLT) announced that Barbara Scherer, SVP & CFO, plans to retire once the company has found a suitable successor. “Plantronics is an outstanding company and I am proud to be able to say that I helped grow it to its current state,” Scherer said. “My experience has been exciting, challenging and fulfilling and I’ve deeply enjoyed working with the team here. At this stage of my career and reaching the 15-year milestone with Plantronics, I’m ready for a change and plan to re-focus my energies on new business opportunities and personal interests. I am also fully committed to making this a smooth transition for everyone concerned and will thus stay on board and help with the search for my successor and the transition.”

During Scherer’s tenure, Plantronics has more than tripled its revenue and increased its share price five-fold by developing high value-add products for growth markets such as wireless and Unified Communications. The planned transition comes about as a result of Scherer’s desire to embark on a new lifestyle that enables her to pursue new business, board and personal opportunities. Scherer’s career has spanned 32 years to date, including 25 years in senior financial leadership roles within the technology industry.

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