Logitech's CEO Announces Appointment Of New President Call (Transcript)

Logitech International (LOGI)

Appointment of New President Call

March 15, 2012 10:30 AM ET

Executives

Guerrino De Luca – Chairman and CEO

Analysts

John Bright – Avon Dale Partners

Simon Schafer – Goldman Sachs

Michael Föth – Bank Vontobel

Tavis McCourt – Morgan Keegan

Alexander Peterc – Exane BNP Paribas

Presentation

Operator

Good day and welcome to the Logitech Conference Call. At this time, all participants are in listen-only mode. We will be conducting a question-and-answer session and instructions will follow at that time. This call is being recorded for replay purposes and may not be reproduced in whole or in part without written authorization from Logitech.

I would now like to introduce your host for today’s call, Mr. Guerrino De Luca, Chairman and CEO of Logitech.

Guerrino De Luca

Thank you, Lacy, and good morning, good afternoon and thanks for joining us on such a short notice. I will have a few remarks and then we’ll go to your questions. I am very pleased that Bracken Darrell will join Logitech as President on April the 9th. He brings pertinent experience and a track record of success with preeminent global consumer companies including Whirlpool, Procter & Gamble, and General Electric.

We conducted an extensive search over the past months, including interviews and in-person meetings with several outstanding candidates. We realize how attractive our company is for many qualified and engaging executives. In the end, Bracken stood clearly as the best choice for Logitech.

Bracken’s broad executive management experience expand product strategy and innovation, marketing, manufacturing, supply chain, and consumer services. He has led growth and reinvention for iconic brands like Braun, KitchenAid, Gillette, Old Spice, and Whirlpool. The board and I are particularly excited by Bracken’s passion for keeping the consumer at the heart of decisions, a perspective that we believe is critically important to drive Logitech to renewed profitable growth.

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