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Logitech: Shares fell 6% in early trade. The stock hit its highest level on Monday since October 2021 when customers equipping home offices during the COVID-19 pandemic drove a sales surge.
The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.
Daniel Borel, who holds the honorary position of chairman emeritus at Logitech, said he would give its board time to act before pursuing his agenda further.
Borel, one of three people who founded Logitech in 1981, said the maker of computer mice and keyboards had lost its way under Becker, who has chaired it since September 2019.