Logitech nominates Guy Gecht and Michael Polk for election to its Board of Directors alongside Wendy Becker as new Chair

– SWITZERLAND, Lausanne / USA, CA –  Logitech International (SIX: LOGN | Nasdaq: LOGI) today outlined a number of proposals, approved by its board of directors, on which it will ask shareholders to vote at the Company’s annual general meeting (AGM).

The proposals include:

• The election to the board of Guy Gecht, former CEO Electronics for Imaging Inc. (EFI), and Michael Polk, former president and CEO of Newell Brands Inc.

• The election of Wendy Becker as Logitech’s new chairperson following the 2019 AGM. This follows a decision by Guerrino De Luca not to stand for re-election as chairperson when his current term ends. Guerrino De Luca will remain on the board, subject to his re-election as a member of the board.

Logitech’s AGM will take place in Lausanne, Switzerland on September 4, 2019.

Lung Yeh has decided not to stand for re-election to the board at the 2019 AGM when his current term ends. Lung Yeh has been a non-executive member of Logitech’s board of directors since September 2015 and serves on Logitech’s Audit Committee and Technology and Innovation Committee. Logitech communicated last week that Dimitri Panayotopoulos, a non-executive member of Logitech’s board of directors since December 2014, had resigned for personal reasons, effective immediately. Dimitri Panayotopoulos served on Logitech’s Compensation Committee.

Guerrino De Luca, the executive chairperson of Logitech, commented: “We send our gratitude and warm wishes to Lung, as we did to Dimitri, for his dedicated service to Logitech. He has been an integral part of the team that saw Logitech transform into a growth company and we wish him well for the future.

“For three decades, Guy Gecht has held senior roles in engineering and business strategy, in public companies and start-ups based in Silicon Valley and Israel. A former long-tenure chief executive officer of Electronics for Imaging, he led the transformation of EFI into a global leader in digital imaging and is currently a board member of Check Point Software Technologies. Michael Polk has spent more than thirty years in senior leadership roles in consumer multi-brand, multi-category companies like Unilever, Kraft Foods and, most recently, Newell Brands. He also serves on the board of Colgate-Palmolive Company. His global business acumen and a strong background in companies with a portfolio of consumer brands will be a real asset. We are fortunate to have two such highly qualified and experienced nominees for the board. We warmly welcome them both at this exciting time for the team.”

After more than twenty years serving Logitech, of which ten years were as the executive chairperson of Logitech’s board of directors, Guerrino De Luca has decided not to stand for re-election as chairperson at the 2019 AGM when his current term ends. Now that Bracken Darrell has been CEO for more than five years, Guerrino, with the agreement of the board, has identified this as the right time for a change, allowing for a smooth transition of Guerrino’s role as chairperson. Logitech is executing on its strategy to be a design-focused, multi-brand, multi-category company and has delivered six consecutive years of innovation and growth. Guerrino will continue to serve Logitech as an executive member of the board, subject to his re-election.

The board of directors will ask shareholders at the 2019 AGM to elect Wendy Becker as Logitech’s new chairperson. Wendy Becker has been a non-executive member of Logitech’s board of directors since September 2017, is the current chair of Logitech’s Compensation Committee and serves on Logitech’s Nominating Committee. Wendy has deep experience in strategy, brand marketing, and design from her senior leadership roles, as well as diverse board and trustee leadership positions.

“It’s impossible to measure the contribution Guerrino has made to Logitech, over his first decade as CEO and his second as executive chairperson,” said Bracken Darrell, Logitech president, and CEO. “Under Guerrino’s direct leadership as CEO, Logitech had remarkably innovative and successful years. And then he did what many retiring CEOs consider impossible: he took a long-term view of the company’s potential and agreed to step into the role of chairperson. As chairperson, he has been a highly constructive partner for me. In classic Guerrino fashion, he is again thinking long term and starting the transition to a new chairperson for the future. I’m delighted that Guerrino will remain with us as an executive board member.”

“I am equally excited to continue my collaboration with Wendy – she is a great partner to me and has provided incredible value and insight during her time on the board. A global citizen, she brings a rare depth and breadth of senior experience in retail, technology, consumer goods, and non-profit sectors, as a leader, consultant, and board member. Logitech benefits from her unique track record of bringing large company experience to small companies, and the best of small companies to large ones. We will continue to benefit from her impressive leadership and broad global experience.”

About Logitech

Logitech designs products that have an everyday place in people’s lives, connecting them to the digital experiences they care about. More than 35 years ago, Logitech started connecting people through computers, and now it’s a multi-brand company designing products that bring people together through music, gaming, video, and computing. Brands of Logitech include Logitech, Ultimate Ears, Jaybird, Blue Microphones, ASTRO Gaming and Logitech G. Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

Find Logitech at www.logitech.com