Logitech (LOGI) Announces CEO Departure

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Go back to Logitech (LOGI) Announces CEO Departure

Citi Downgrades Logitech International (LOGI) to Neutral, 'Unexpected CEO Departure'

June 14, 2023 6:23 AM EDT

Citi analyst Asiya Merchant downgraded Logitech International (NASDAQ: LOGI) from Buy to Neutral with a price target of $70.00 (from $73.00).

The analyst comments "After the close on June 13th, Logitech announced its president and CEO, Bracken Darrell, is immediately departing for an outside opportunity,... More

Logitech (LOGI) tumbles as CEO steps down

June 14, 2023 5:48 AM EDT

Shares of Logitech (NASDAQ: LOGI) are trading over 9% lower in pre-market on Wednesday, after the company announced that Bracken Darrell, it's President and CEO, will be stepping down immediately.

Darrell, who's been at the helm of Logitech since 2013 said he is "departing the company... More