Logitech 2007 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2007 Logitech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 166

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166

Mr. Chua holds a BS degree in Mechanical Engineering from the University of Wisconsin, and an MS degree in
Engineering from Stanford University.
Guerrino De Luca, Italian national, joined the Company as President and Chief Executive Officer in
February 1998, and became an executive member of the Board of Directors in June 1998. Mr. De Luca is
responsible for the worldwide affairs and operations of Logitech. He manages both the strategic activities of the
Company as well as the day-to-day operations. Prior to joining Logitech, Mr. De Luca served as Executive Vice
President of Worldwide Marketing for Apple, Inc. from February 1997 to September 1997, and as President of
Claris Corporation, a U.S. personal computing software vendor, from May 1994 to February 1997. Prior to
joining Claris, Mr. De Luca held various positions with Apple in the United States and in Europe. Mr. De Luca
holds a BS degree in Electronic Engineering from the University of Rome, Italy.
Shin’ichi Okamoto, Japanese national, has been a non-executive Director of the Company since June 2004.
Since September 2003, Mr. Okamoto has been a research and development consultant. Prior to that, he served in
executive and management positions with Sony Computer Entertainment Inc., the interactive gaming division of
Sony Corporation, a Japanese consumer electronics company. During his time with Sony, Mr. Okamoto served as
the Chief Technology Officer from April 2001 to August 2003, Senior Vice President of Research and
Development from April 1999 to September 2002, Vice President of Software Development from October 1998
to April 1999, and Director of Development from December 1994 to October 1998. Mr. Okamoto holds a BS
degree and an MS degree in Chemistry from Waseda University in Tokyo.
Monika Ribar, Swiss national, has been a non-executive Director of the Company since June 2004. Since
October 2006 Ms. Ribar has served as the President and Chief Executive Officer of the Panalpina Group, a Swiss
freight forwarding and logistics services provider. She has been a member of Panalpina’s executive board since
February 2000, and served as Panalpina’s Chief Financial Officer from June 2005 to October 2006, and as its
Chief Information Officer from February 2000 to June 2005. From June 1995 to February 2000, she served as
Panalpina’s Corporate Controller, and from 1991 to 1995 served in project management positions at Panalpina.
Prior to joining Panalpina, Ms. Ribar worked at Fides Group (now KPMG Switzerland), a professional services
firm, serving as Head of Strategic Planning, and was employed by the BASF Group, a German chemical products
company. Ms. Ribar holds a Masters degree in Economics and Business Administration from the University of
St. Gallen, Switzerland.
Non-executive Board Members
Messrs. Bengier, Bousquette, Chua, Okamoto and Ms. Ribar have never had management responsibility at
Logitech or at any of its subsidiaries, and do not have any immediate family members who are employees of
Logitech. The Board has determined that they are independent Directors under the rules of the Nasdaq Stock
Market and under the Swiss Code of Best Practice for Corporate Governance. Mr. Chang is a former executive of
the Company. Although he is a non-executive Board member he is not currently considered an independent
member of the Board. None of the non-executive Directors has significant business connections with Logitech or
any of its subsidiaries.
Changes to the Board
At Logitech’s Annual General Meeting on June 20, 2007 shareholders will be asked to elect two new
non-executive directors, Ms. Sally Davis and Mr. Robert Malcolm for 3-year terms, and will be asked to re-elect
Ms. Ribar, Mr. De Luca and Mr. Borel for 3-year terms. Mr. Okamato is retiring from the Board after his 3-year
term of office expires in 2007. If all nominees are elected, the size of Logitech’s Board of Directors will increase
from eight members to nine members.
Sally Davis, British national, is a nominee to the Board of Directors. Ms. Davis was appointed as the Chief
Portfolio Officer of British Telecom in May 2005. Reporting to the Chief Executive of the BT Group, Ms. Davis
CG-9
20-F
LISA