ZURICH, Sept 4 Reuters Logitech International founder Daniel Borel on Wednesday failed in his attempt to oust Chairperson Wendy Becker, having accused her of failing to provide leadership at the maker of computer mice and keyboards.
Just under 86 of shareholders voted for the reelection of Becker at the company39;s annual general meeting in Lausanne, against the wishes of Borel who wanted board member Guy Gecht to replace her.
Gecht, who had told the event he would not accept the position of chairperson if elected, meanwhile received support from 14 of shareholders.
Borel, one of three people who founded Logitech in 1981 and who still owns a 1.2 stake, said the SwissAmerican company had not adjusted rapidly enough to trends like artificial intelligence or the post pandemic environment.
He was also concerned about the leadership team of Becker a former boss of British clothes manufacturer Jack Wills and CEO Hanneke Faber, an exUnilever executive, saying they lacked tech experience.
Logitech has only recently returned to sales growth after suffering nine quarters of sales declines following the pandemicdriven boom.
After the mad years of Covid, the company has simply been relying on past successes, Borel told shareholders.
It lacks the leadership capable of facing up to the extreme challenges ahead artificial intelligence in particular, he added. The duo running Logitech have no experience of tech. It39;s a dangerous situation.
Becker, who has been chairperson…