Lausanne remains headquarters according to Logitech CEO
Published: Saturday, Aug 31st 2024, 11:50
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Lausanne will "definitely" remain the headquarters of computer accessories manufacturer Logitech. "Switzerland is the heart of Logitech," explains company boss Hanneke Faber in a newspaper interview on Saturday.
"If anything, we will continue to strengthen the location," said the 55-year-old Dutchwoman in an interview with "Schweiz am Wochenende". And she will also spend a lot of time in Switzerland. Faber first moved to Lausanne at the beginning of the year when she took up the CEO position. This summer, however, the mother of three adult children relocated to Silicon Valley.
"The Board of Directors considers it important that the majority of me is in Silicon Valley, because that's where the big players like Apple, Google and Meta are," says Faber. It is helpful to be on the ground in this ecosystem. In addition, the largest Logitech office is located in San José, California.
According to Faber, he wants to develop Logitech into an "iconic brand. "Just like Apple, Starbucks or Chanel." In her opinion, gaming is one of the key areas here. Online gaming will even become an Olympic sport at the 2028 Games in Los Angeles. "That will be a great opportunity for us," says Faber.
Only woman at the helm of an SMI company
The only female CEO of an SMI company also commented on Logitech's dispute with its co-founder Daniel Borel. For a good two years now, Borel has been lashing out at Wendy Becker, Chairman of the Board of Directors. He is calling for her removal and proposing another candidate. "Daniel Borel obviously plays an important role in our company history, which I greatly respect," says Faber.
But as CEO, it is her job to focus on the current business and the future of the company. "In the end, the shareholders will decide on his proposal at the Annual General Meeting on September 4."
However, Faber responds to Borel's criticism that there is a toxic corporate culture at Logitech and that business is not going well: "The figures speak for themselves, we have had two good quarters. And I personally think we have a fantastic corporate culture, one of the best I have ever experienced."
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