Guy Gecht
About Guy Gecht
Guy Gecht (age 60) has served on Logitech’s Board since 2019 and was elected independent Chairperson at the September 9, 2025 AGM (99.05% support). He chaired the Technology & Innovation Committee (TIC) and sat on the Nominating & Governance Committee (NGC); he also served as interim CEO from June–December 2023. He previously led Electronics for Imaging (EFI) as CEO (2000–2018) and co-led E.Merge Technology Acquisition Corp. (2020–2022). He holds a BS in Computer Science & Mathematics from Ben Gurion University and brings senior leadership plus technology and cybersecurity expertise.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Electronics for Imaging, Inc. (EFI) | Chief Executive Officer; President | CEO: Jan 2000–Oct 2018; President: May 2012–Oct 2018 | Led transformation into a global leader in digital imaging; technology/cybersecurity expertise |
| E.Merge Technology Acquisition Corp. | Co-Founder & Co-CEO | Jun 2020–Sep 2022 | SPAC focused on software/internet combination |
| EFI (prior roles) | VP & GM, Fiery; Director, Software Engineering | Jan 1999–Jan 2000; Oct 1995–Jan 1999 | Product and engineering leadership |
| Interro Systems, Inc. | Director of Engineering | 1993–1995 | Engineering leadership |
| ASP Computer Products, Inc. | Software Manager | 1991–1993 | Networking/software roles |
| Apple Israel | Chief Technology Officer | 1990–1991 | Technology leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Solaredge Technologies Inc. | Director | Current | Smart energy technology provider |
| Check Point Software Technology Ltd. | Director | 2006–Nov 2024 (prior) | Cybersecurity; board tenure ended Nov 2024 |
Board Governance
- Independence and roles: The Board determined Gecht is independent under Nasdaq rules; Logitech also references the Swiss Code of Best Practice (which generally considers recent executive service when assessing independence) and nominates him as independent Chairperson. He was elected Chair at the 2025 AGM; Gecht is TIC Chair and an NGC member.
- Attendance and engagement: In FY2025 the Board met 7 times; Gecht attended all 7 Board meetings. He attended NGC (3 meetings) and TIC (3 meetings) and joined NGC post-AGM; the company states all incumbent directors attended at least 75% of their meetings.
- Committee scope: TIC oversees product security risks, controls, and procedures; Audit oversees cybersecurity and non-financial metrics validation; NGC handles board composition, ESG oversight cadence, and conflict reviews.
- Shareholder mandate limits: Directors may hold up to 10 outside mandates (max 4 in listed companies); Logitech states all directors comply.
- Pledging/hedging policy: Hedging and pledging Logitech securities are prohibited for directors and employees.
Fixed Compensation
| Element | Amount (CHF) | Amount (USD) | Notes |
|---|---|---|---|
| Annual cash retainer (Director) | 60,000 | 70,717 | Baseline director retainer |
| Additional retainer – Non-Executive Chair | 340,000 | 400,731 | Applies when serving as non-exec Chair |
| Committee Chair retainers (Audit/Comp/NGC/TIC) | 40,000 / 40,000 / 15,000 / 15,000 | 47,145 / 47,145 / 17,679 / 17,679 | Per committee chair role |
| Committee member retainers (non-chair) | 20,000 (Audit); 15,000 (Comp); 6,500 (NGC/TIC) | 23,572; 17,679; 7,661 | Per committee |
| Annual RSU grant (service-based) | 200,000 | 235,724 | Granted on AGM date; 1-year vesting (or earlier if not re-elected) |
FY2025 Director Compensation – Guy Gecht
| Metric | CHF | USD |
|---|---|---|
| Fees settled in cash | 67,973 | 80,114 |
| Stock awards (grant-date fair value) | 196,910 | 232,082 |
| Other compensation (e.g., social security contributions) | 29,246 | — |
| Total | 294,129 | 312,196 |
Notes: Non-employee directors may elect to receive cash retainers in shares; none did in FY2025. No loans or credits were made to directors in FY2025/FY2024.
Performance Compensation
Director equity is service-based RSUs; there are no performance metrics tied to director equity. Grants are made on the AGM date and vest on the first anniversary (or earlier if the director is not re-elected).
Director Equity Terms – FY2025 (Grant Date 9/4/2024)
| Item | Detail |
|---|---|
| Instrument | Service-based RSUs |
| Grant value | CHF 200,000 (approx. $235,724) |
| Shares granted (Gecht) | 2,736 units (unvested as of 3/31/2025) |
| Vesting | 1-year from grant (or earlier if not re-elected) |
Other Directorships & Interlocks
| Company | Relationship to LOGI | Potential Interlock/Conflict Commentary |
|---|---|---|
| Solaredge Technologies Inc. | External directorship | Different industry focus; no related-party transactions disclosed by Logitech. |
| Check Point Software Technology Ltd. (prior) | Former external directorship (ended Nov 2024) | Cybersecurity; no related-party transactions disclosed. |
Expertise & Qualifications
- Senior leadership (public-company CEO), governance, M&A; deep technology/software/cybersecurity background highlighted by Logitech.
- As TIC Chair, provides oversight on product security and technology risk areas material to Logitech’s strategy.
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership (6/30/2025) | 15,767 shares; <1% of shares outstanding |
| Unvested RSUs at FY2025 year-end | 2,736 units (grant 9/4/2024) |
| Ownership guidelines (directors) | Required to hold 5× annual cash retainer; as of 6/30/2025 each non-employee director had satisfied or had time remaining to comply |
| Hedging/pledging | Prohibited for directors |
Shareholder Voting Signals (2025 AGM)
| Proposal | For | Against | Abstain | Result |
|---|---|---|---|---|
| Elect Guy Gecht as Chairperson of the Board | 83,222,697 | 802,146 | 218,053 | 99.05% For |
| Approve Board compensation (2025–2026 Board Year) | 82,578,507 | 1,356,682 | 307,707 | 98.38% For |
| Approve Group Mgmt Team compensation (FY2027) | 67,377,691 | 16,530,519 | 334,686 | 80.30% For |
Additional context: 2024 say-on-pay supported by 79.90%; Logitech engaged top holders in FY2025 and has maintained 100% PSU LTIs for NEOs and a 10% ESG component in the annual plan.
Governance Assessment
-
Positives
- Independent Chair with strong tech/cyber background; clear separation of Chair and CEO roles; frequent independent director sessions.
- Robust committee architecture (TIC oversight of product security; Audit oversight of cybersecurity and non-financial metrics); all committees fully independent.
- Strong shareholder support for Chair election and Board pay; binding Swiss votes on Board/GMT compensation; active shareholder engagement.
- Director ownership guidelines (5× retainer); hedging/pledging prohibited; no loans/credits to directors.
-
Watch items / potential perception risks
- Independence lens: While the Board deems Gecht independent under Nasdaq, the Swiss Code of Best Practice generally views service in executive management within the prior three years as non-independent; Gecht was interim CEO in 2023. Logitech references the Swiss Code on a “comply or explain” basis, and still identifies him as an independent Chair, which some investors may scrutinize.
- External mandates: Within policy limits, but continued monitoring advisable as Chair workload increases; Logitech states all directors comply with mandate limits.
-
Compensation alignment for directors
- Mix skews to equity (FY2025: ~$232k stock vs ~$80k cash), aligning incentives with shareholders; RSUs are time-based, not performance-linked, which is standard for non-employee directors.
-
Related-party and red flags
- No loans/credits to directors; no related-party payments disclosed; hedging/pledging barred; no option repricing and no tax gross-ups for executives.