Logitech said Chief Executive Officer and President Bracken Darrell is resigning from his role effective immediately.
Bracken Darrell, who assumed the role of Logitech’s CEO in 2013, will remain with the company over the coming month to facilitate the transition while a search for a replacement is conducted.
Board member Guy Getch will step in as interim CEO of Logitech.
The leadership change comes after Logitech posted a 22 percent drop in fourth-quarter sales in May, as a growing economic downturn continued to hinder the computer peripherals maker from maintaining pandemic-era growth.
Logitech reported 17 percent drop in its fiscal revenue to $4.54 billion. Logitech is expecting revenue to decrease 22-18 percent in the first half of its current fiscal to $1.8 billion – $1.9 billion.