Logitech (LOGI) tumbles as CEO steps down
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Citi Downgrades Logitech International (LOGI) to Neutral, 'Unexpected CEO Departure'
June 14, 2023 6:23 AM UTCCiti 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) Announces CEO Departure
June 13, 2023 4:11 PM UTCLogitech 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
