Logitech proposes board changes

The company states: “Logitech International (LOGI) announced that its board of directors will ask shareholders to elect new board members: Donald Allan, CEO of Stanley Black & Decker, Inc (SWK) and Owen Mahoney, former president, chief executive officer and representative director of Nexon Co., Ltd. Shareholders will also be asked to elect to the board Hanneke Faber, chief executive officer of Logitech. The elections will take place at Logitech’s annual general meeting ( in Lausanne, Switzerland on September 4, 2024. Additionally, Patrick Aebischer will leave the board when his current term ends this fall, due to the Company’s limits on board service. He has been a non-executive member of Logitech’s board of directors since September 2016 and serves on Logitech’s Nominating and Governance Committee. Wendy Becker, Logitech’s board chairperson, also informed the board of her decision not to stand for reelection at next year’s 2025 AGM. Becker was first elected as chairperson in 2019 and her tenure spans Logitech’s biggest years of growth. A board committee, chaired by board member Chris Jones, will focus on recommending a successor over the course of the coming year as part of a planned leadership transition.”