Logitech Snubs Founder, Denies Request for a New Chair Vote
- Founder Daniel Borel petitioned to add vote to Sept. 4 agenda
- Borel’s nominee says he won’t stand for election as chair
Sales of the Swiss company’s keyboards, webcams and other products declined following a pandemic-era work-from-home boom.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Computer-accessory maker Logitech International SA stalled founder Daniel Borel’s efforts to oust its board chair, denying his request to consider a replacement at the company’s shareholder meeting on Sept. 4.
Borel had pressed the company to introduce a proposal at its annual meeting to replace its chair, Wendy Becker, with Guy Gecht, who already serves on the board. Logitech said late Monday that it will not be putting Gecht up for a vote as he has said he isn’t willing to serve as chair and supports Becker.