According to a press release from Logitech, Bracken Darrell, who has served as the company’s CEO for 10 years, is leaving his position to pursue new opportunities. Darrell’s resignation took effect on Tuesday, but he will stay with the company for a transitional period.
Logitech is known for producing computer accessories such as mice, keyboards, and webcams. The company’s products experienced a surge in popularity during the COVID-19 pandemic when many people began working or learning from home. However, Logitech has recently seen declining revenues as people return to schools and offices (source). During Darrell’s tenure, Logitech made several significant acquisitions, including Blue Microphones (which the company is phasing out), gaming headset maker Astro, and streaming software-maker Streamlabs.
Guy Gecht, a Logitech board member since 2019, will serve as interim CEO while the company looks for a new leader. Darrell stated that he felt the time was right to hand over leadership after almost a decade of growth and building market leadership across various categories. He thanked Logitech staff for their work and stated that he would continue to be a customer, shareholder, and supporter of Logitech and its products.