Computer peripherals and software company, Logitech International (NASDAQ: LOGI) was on a downward trajectory at the time of writing in pre-market trading on Wednesday after the company announced the departure of Bracken Darrell, President and CEO effective from today.
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Darrell has resigned from the company to pursue another opportunity, but he will remain with Logitech “to ensure a seamless transition.”Board member Guy Gecht will be the interim CEO while a global search for candidates is conducted.
Analysts are cautiously optimistic about LOGI stock with a Moderate Buy consensus rating based on five Buys, four Holds, and one Sell.