FREMONT, Calif., Aug. 3, 2005 and ROMANEL-SUR-MORGES, Switzerland, Aug. 4, 2005 -- Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced plans to recruit a new chief financial officer, in preparation for the retirement of Kristen Onken, the company's senior vice president of finance and chief financial officer. Ms. Onken, age 55, who joined Logitech in 1999, plans to lead the recruitment process and to remain with the company until her successor has transitioned into the role.
Kris Onken has provided strong financial leadership during a period when Logitech's sales have more than tripled. She has also built a talented team and implemented new financial information systems that have enabled the company to expedite financial decision-making and reporting.
"My experience at Logitech has been the highlight of my professional career," said Ms. Onken. "It is truly rewarding to be part of this team, and I will miss Logitech. The decision to retire to make more time for my personal life has not been easy. But as I prepare for retirement, I do so knowing that the company's operations are in great hands.
"Kris has made a great contribution to Logitech," said Guerrino De Luca, Logitech president and chief executive officer. "She has been an outstanding complement to the management team, and she has built a solid foundation to prepare the company's financial operations for future growth. We are pleased that Kris will wait to retire and will remain with the company until her successor is in place. We're confident that we can attract the right CFO for the next phase of our growth, and we expect a smooth transition process with minimal disruption."
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
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