Logitech 2003 Annual Report Download - page 90

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David Henry joined the company as Senior Vice President, Control Devices Business Division of the Company
in August 2001. Prior to that time, Mr. Henry served as Vice President of Product Management and Business
Development of Xigo Inc. from January 2000. From October 1997 to January 2000, Mr. Henry was Vice President
and General Manager of Magnetic Products with Iomega. Mr. Henry holds a B.S.M.E. from Union College of
Schenectady, New York.
Junien Labrousse joined the Company as Vice President, Video Division in 1997. He was named Senior Vice
President, Video Division in April 2001. Prior to joining Logitech, he was Vice President of Engineering from 1995
at Winnov LP, a company engaged in the development and marketing of multimedia products. For over 10 years he
held several engineering and management positions at Philips Electronics, NV in research and in the semiconductor
business division. Mr. Labrousse holds a M.S.E.E. degree from the Ecole Superieure d'Ingenieurs de Marseille,
France and an M.B.A. from Santa Clara University, California.
Kristen Onken joined the Company as Senior Vice President, Finance, and Chief Financial Officer in February
1999. From September 1996 to February 1999, Ms. Onken served as Vice President of Finance at Fujitsu PC
Corporation. From 1991 to September 1996, Ms. Onken was employed by Sun Microsystems, Inc. first as Controller
of the Southwest Area; then from 1992 to 1996 she served as Director of Finance, Sun Professional Services. Ms.
Onken holds a B.S. degree from Southern Illinois University and an MBA in Finance from the University of Chicago,
Illinois.
Marcel Stolk assumed the responsibility of Senior Vice President, Worldwide Sales and Marketing in March
2001. Mr. Stolk has been with the Company for over 10 years and has held a number of positions within the sales and
marketing functions, the latest of which was Vice President, Retail Sales and Marketing, Europe. From January 1997
to April 1997, Mr. Stolk was Director of Marketing, Europe. Before that, he served as Director of the Northern
European Region. Before joining Logitech, Mr. Stolk held various sales and marketing positions at Aashima
Technology in Holland.
Robert Wick joined Logitech with the acquisition of Labtec Inc. as Vice President of the Audio business unit in
March 2001. He was named Senior Vice President in April 2001, and in October 2002, he was named Senior Vice
President of the Audio and Interactive Entertainment business units. Prior to joining Logitech, Mr. Wick was
President of Labtec Inc. since December 1998, and assumed the CEO position in August 1999. Prior to joining
Labtec, Mr. Wick spent eight years at Weiser Lock, a division of Masco Corporation, in various management
positions including Vice President of Finance and Logistics. Mr. Wick holds a B.S. degree in Accounting from the
University of Arizona and is a Certified Public Accountant.
Indemnification of Officers and Directors
Logitech has entered into indemnification agreements with its directors and officers. These agreements
indemnify directors and officers to the extent permitted by law against expenses and liabilities incurred in legal
proceedings which may arise by reason of their status or service as directors or officers. We believe that these
agreements are necessary to attract and retain qualified directors and officers. At present, there is no pending
litigation or proceeding involving any director or officer of the Company as to which indemnification will be required
or permitted. The Company is not aware of any threatened litigation or proceeding that might result in a claim for
indemnification.
Logitech currently maintains director and officer liability insurance to insure its directors and officers against
certain liabilities arising from their status or service as directors or officers.
Compensation
Logitech’s General Compensation Policy
Logitech has designed its compensation programs to attract, develop, retain and motivate the high caliber of
executives, managers and staff that is critical to the long-term success of its business. The Company’s compensation
package is composed of a base salary that is competitive to comparable companies in the industry and region,
quarterly and annual cash incentive awards that are based on company performance, and long-term incentive awards
that are comprised of stock options.
Equity Compensation Plans
Logitech believes equity compensation is an important part of attracting and retaining high-caliber employees
and aligning the interests of management and the directors of the Company with the interests of the shareholders.
Accordingly, Logitech maintains stock purchase and stock option plans for its employees.
Under the 1996 Employee Share Purchase Plan, eligible employees may purchase registered shares with up to
10% of their earnings at the lower of 85% of the fair market value at the beginning or the end of each six-month
offering period. Subject to continued participation in these plans, purchase agreements are automatically exercised at
the end of each offering period.