NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--
Logitech (NASDAQ:LOGI) (SIX:LOGN) today announced that LifeSize founder
Craig Malloy has rejoined the company as chief executive officer of
LifeSize and senior vice president of Logitech.
Malloy is a leader in the video conferencing industry who founded
LifeSize in 2003, oversaw its acquisition by Logitech in 2009 and served
as LifeSize's CEO until 2012. Over the past year, Malloy has continued
to work closely with the LifeSize and Logitech leadership teams as vice
chairman of LifeSize's supervisory board.
"We welcome Craig's experience and leadership abilities in the video
conferencing industry to steer LifeSize at this transformative time and
accelerate its ability to bring innovative video solutions to customers
of all sizes," said Bracken Darrell, Logitech president and chief
executive officer. "Under his leadership, LifeSize is well-positioned to
win in this changing market place."
"LifeSize's legacy as a pioneer and world leader in video collaboration
is one of the crowning achievements of my career, and I am thrilled to
be back to lead us in the right direction and build upon our proven
success," said Malloy. "The guiding principle on which LifeSize was
founded was one of relentless innovation, and I aim to reinvigorate
LifeSize with that inventive, audacious spirit once more."
About LifeSize
LifeSize is a pioneer and world leader in high-definition video
collaboration. Designed to make video conferencing truly universal, our
full range of open standards-based systems offer enterprise-class,
IT-friendly technologies that enable genuine human interaction over any
distance. Founded in 2003 and acquired by Logitech in 2009, LifeSize,
with its commitment to relentless innovation, continues to extend the
highest-quality video conferencing capabilities to anyone, anywhere,
where there is Internet access. For more information, visit http://www.lifesize.com.
About Logitech
Logitech is a world leader in products that connect people to the
digital experiences they care about. Spanning multiple computing,
communication and entertainment platforms, Logitech's combined hardware
and software enable or enhance digital navigation, music and video
entertainment, gaming, social networking, audio and video communication
over the Internet, video security and home-entertainment control.
Founded in 1981, Logitech International is a Swiss public company listed
on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market
(LOGI).
This press release contains forward-looking statements within the
meaning of the federal securities laws, including, without limitation,
statements regarding: LifeSize's ability and timing to bring innovative
video solutions to a wide range of customers; LifeSize's ability to win
in the video conferencing market place. The forward-looking statements
in this release involve risks and uncertainties that could cause
Logitech's actual results and events to differ materially from those
anticipated in these forward-looking statements, including, without
limitation: the demand of our customers and our consumers for our
products and our ability to accurately forecast it; if we fail to
innovate and develop new products in a timely and cost-effective manner
for our new and existing product categories; the effect of pricing,
product, marketing and other initiatives by our competitors, and our
reaction to them; if our products and marketing strategies fail to
separate our products from competitors' products. A detailed discussion
of these and other risks and uncertainties that could cause actual
results and events to differ materially from such forward-looking
statements is included in Logitech's periodic filings with the
Securities and Exchange Commission, including our Quarterly Report on
Form 10-Q for the fiscal quarter ended December 31, 2013 and our Amended
Annual Report on Form 10-K/A for the fiscal year ended March 31, 2013,
available at www.sec.gov,
under the caption Risk Factors and elsewhere. Logitech does not
undertake any obligation to update any forward-looking statements to
reflect new information or events or circumstances occurring after the
date of this press release.
Logitech, the Logitech logo, and other Logitech marks are registered in
Switzerland and other countries. All other trademarks are the property
of their respective owners. For more information about Logitech and its
products, visit the company's Web site at www.logitech.com.
(LOGIIR)
Logitech
Joe Greenhalgh
Vice President, Investor Relations -
USA
510-713-4430
or
Nancy Morrison
Vice President,
Corporate Communications - USA
510-713-4948
or
Laura
Scorza
Sr. Public Relations Manager - Europe
+41-(0)
21-863-5336
or
Megan Lueders
Vice President, LifeSize -
USA
512-623-4151
Source: Logitech
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