Computer parts maker Logitech appoints Hanneke Faber as CEO

(Reuters) -Computer parts maker Logitech (NASDAQ:) International on Monday named Hanneke Faber as its new chief executive officer, effective Dec. 1, ending a months-long search for a successor after Bracken Darrell left in June.

Last week, the Swiss-American company said it was close to finding a new CEO after Darrell ended a 10-year stint to take charge of Vans sneaker maker VF Corp (NYSE:).

Board member Guy Getch will continue to serve as the interim CEO until the new appointment, the company said in a statement on Monday.

Faber previously served as the group president for Unilever (LON:)’s nutrition business.

In September, Logitech’s co-founder Daniel Borel stepped up his call for the company to find a new chairperson, objecting to Wendy Becker’s re-election to the role, saying the computer peripherals makers had lost its way under Becker.

Borel, who holds the honorary position of chairman emeritus and a 1.5% stake at Logitech, had said the company has failed to reduce costs sufficiently and there had been a lack of succession planning to replace CEO Darrell.

Logitech has been suffering a downturn after riding a boom during the pandemic when people stocked equipment to work from home.

The company lifted its full-year outlook last week after it upgraded its profit view and slowed the rate at which sales were falling in the second quarter ended Sept. 30, and now expects full-year sales of $4 billion to 4.15 billion, up from its previous view of $3.8 billion to $4 billion.