Logitech International outlined a number of proposals, approved and recommended by its board of directors, on which it will ask shareholders to vote at the Company’s 2020 annual general meeting (AGM). Logitech also announced a new director nominee and new Group Management Team member.
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“Guerrino’s contribution to Logitech over more than twenty years is immeasurable”
New Board Director Nominee
Logitech’s board of directors will ask shareholders at the 2020 AGM to approve the election to its board of Deborah Thomas, executive vice president and chief financial officer of Hasbro, Inc., a global play and entertainment company. Thomas will bring a wealth of consumer and financial experience to Logitech as an independent director. This follows the decision of Guerrino De Luca not to stand for re-election as a member of the board when his current term ends.
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“Guerrino’s contribution to Logitech over more than twenty years is immeasurable,” said Wendy Becker, Logitech’s chairperson. “You can see the impact of his vision and leadership across the business and in the talent of its employees, both from the decade that he was chief executive officer and the following twelve years of service he provided as executive chairperson and a member of the board. While Guerrino is leaving the board, he will continue to support Logitech as an advisor.”
Becker continued, “I’m delighted to nominate Deborah Thomas to Logitech’s board. She brings more than two decades of experience in senior financial and leadership roles, most notably at Hasbro and KPMG Peat Marwick. Her financial acumen as well as her multi-category, multi-brand consumer product and services experience would be a great addition to the team.”
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