Logitech (LOGI) tumbles as CEO steps down
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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
June 13, 2023 4:11 PM EDT
Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced today that Bracken Darrell, president and chief executive officer (CEO), will be departing the Company to pursue another opportunity. Darrells resignation as president, CEO, and as a member of Logitechs board of directors is effective today, but he will remain with the company over the coming month to ensure a seamless transition. In line with the board's established succession planning process, board member Guy Gecht will step into the role of interim CEO while a global search of internal and... More
