Logitech chief financial officer Vincent Pilette will leave the company at the end of May, the company announced.
Pilette, who joined the compay in 2013, is leaving to take on a senior leadership role at another company. Nate Olmstead, who joined the company earlier this year as finance VP, will act as interim chief financial officer.
“When I joined Logitech, I had a vision to turn Logitech into a design company, pursuing opportunities in the many new market opportunities enabled by the Cloud,” said Bracken Darrell, Logitech president/CEO, in a statement. “We needed financial and operational strength to support the ambition of that vision. Vincent has been a terrific partner for this pursuit these past six years, and we’ve made great progress.
“But more important than his partnership and leadership is the team he built and the culture of rigor and discipline he helped instill throughout the company. We now have a strong, seasoned finance team across every area and a proven track record of operational excellence. That is his most important legacy. I’m excited for him in his next challenge. And I’m even more energized by our continued progress toward our design company vision.”
The announcement was made during Logitech’s fourth-quarter financial, in which it reported fiscal-year sales of $2.79 billion (up 9 percent) — its sixth consecutive year of growth.
Fourth-quarter sales were up 5 percent, to $624 million.
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