What Does Logitech CEO’s Abrupt Departure Mean?
Key Points On June 13, 2023, Logitech announced the resignation of its CEO and President Bracken Darrel, effective immediately, to be replaced temporarily by board member Guy Gecht.Darrel will remain with the company for several months for the transition to a new CEO, which the company has started a worldwide search for. -Logitech stock fell over (10%) on the news as investors feared the worst.Uncertainty grows as both its CFO and CEO resign in a span of six months.LOGI shares trade at 19X forward earnings and pay a 1.7% annual dividend yield.5 stocks we like better than Logitech International...