Logitech appoints Hanneke Faber as CEO effective December 1, 2023

LOGITECH INTERNATIONAL S.A.

Hanneke Faber, former Unilever Business Group President, becomes CEO; Guy Gecht steps down as interim CEO.
Base salary of CHF equivalent of $1.35M; target cash comp of CHF equivalent of $3.0375M.
Equity: PSU grant proposed at $5.3375M for April 2024; replacement RSUs of $2.95M granted.
Cash buy-out bonus of CHF 2.38M for forfeited prior compensation; repayment clause if terminated for cause within 12 months.
Relocation: $25K net monthly allowance for up to 12 months in Switzerland and up to 24 months in US.

item 5.02 item 9.01

Executive movements

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Departed

Guy Gecht

Interim Chief Executive Officer

LOGI · LOGITECH INTERNATIONAL S.A.

Effective: 2023-12-01
Successor: Hanneke Faber
Filed: October 30, 2023, 7:59 PM ET

Guy Gecht will no longer serve as Interim Chief Executive Officer of Logitech, also effective December 1, 2023.

Appointed

Hanneke Faber

Chief Executive Officer

LOGI · LOGITECH INTERNATIONAL S.A.

Effective: 2023-12-01
Filed: October 30, 2023, 7:59 PM ET

Johanna W. (Hanneke) Faber will join Logitech as Chief Executive Officer, effective December 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Guy Gecht departed as Interim Chief Executive Officer at LOGITECH INTERNATIONAL S.A..

Action: stepped down
Role: Interim Chief Executive Officer

Exact text from the filing

Guy Gecht will no longer serve as Interim Chief Executive Officer of Logitech, also effective December 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hanneke Faber was appointed as Chief Executive Officer at LOGITECH INTERNATIONAL S.A..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Johanna W. (Hanneke) Faber will join Logitech as Chief Executive Officer, effective December 1, 2023.

View on SEC.gov

LOGITECH INTERNATIONAL S.A. filing history →

Source: SEC EDGAR

accession 0001032975-23-000082

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