Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. All Rights Reserved. You will be notified in advance of any changes in rate or terms. Of this total $825,000 was received as a salary, $1,392,188 was received as a bonus, $0 was received in stock options, $4,942,274 was awarded as stock and $49,875 came from other types of compensation. Mr. Darrell owns over 41,670 units of Logitech International S.A stock worth over $48,503,626 and over the last 14 years he sold LOGI stock worth over $19,814,947. The rub, here: From a primitive perspective, it makes perfect sense. He noted that in competitive sports, like business, "you really learn that you need to get the fundamentals right, and then you have to get used to missing jobs, or missing layups, and getting over it. Bracken Darrell, age 49, joins Logitech from Whirlpool Corporation, where he has been serving as executive vice president of Whirlpool Corporation and president of Whirlpool EMEA. His. LOGITECH INTERNATIONAL SA income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. What are some important leadership lessons youve learned? Bracken Darrell. When Darrell Bracken was born on 30 October 1907, in Pine Valley, Washington, Utah, United States, his father, Bennett Arthur Bracken, was 34 and his mother, Mahala Jane Gardner, was 35. Logitech International S.A., ou simplesmente Logitech, com sede corporativa em Lausanne, Sua, uma empresa do Grupo Logitech, e um dos lderes no mercado de perifricos.A empresa produz perifricos para PC, videogames, telefone mvel e dispositivos de som porttil.. A sede administrativa da Logitech est localizada em Newark, Califrnia, no Vale do Silcio, mantendo tambm . $ + tax He said he's "never expected not to be at Logitech for at least 10 years," arguing he'll take another 10 years "if I can get away with it; I'm a long-term guy. Earl Wilson/The New York Times By Adam Bryant Aug. 19, 2016 This interview with Bracken P. Darrell, C.E.O. He has spent time at P&G, GE, Gillette, and Whirlpool. At the RISE conference in Hong Kong, the CEO outlines for Christine Tan his competitive strategy and the steps he's taking to unlock the next level of play as a design company. When hes not traveling the world, sharing inspirational wisdom or running board meetings, Bracken enjoys being with his family, going to the symphony, writing, reading poetry and literature, and learning about art. "I had it easy. If you treat people like volunteers, youre much better off. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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Following his education at Harvard, Darrell began an extraordinary business career, starting with Proctor and Gamble and General Electric, where he worked as Brand Manager for the Ivory and Old Spice product lines and served as General Manager of the Consumer Home Services/GE Appliances area, the Clothes Care area, and in Marketing and Business Development area. ", He said he "always tells people to just take more chances, take the risk, because you will never be sorry if you did something and failed. Bracken P. Darrell received an undergraduate degree from Hendrix College and an MBA from Harvard Business School. But youve got to find ways to stay hungry. I knew I either wanted to go into politics or business when I was 16. ", Darrell said the shyness eventually went away, but his scrutiny of himself was something that took him about 50 years to manage. What Are the Logical Next Steps for Logitech? CEO and President Bracken Darrell, who spent 12 years at Procter & Gamble before joining Logitech in 2012, reflected on the company's success and his own career path in an interview with Business Insider. The earthquake that hit Turkey and Syria is causing just devastating human loss. If you have a path mapped out, youll see a lot more, find a lot more and do a lot more along the way. Logitech, one of the . "The PC, screen, or whatever you want to call it in front of you is here to stay, and you're going to always be using that, and that keeps us really relevant.". Under Bracken Darrells 10 years of leadership as president and CEO, Logitech has reinvented itself into an award-winning design company, an industry force pursuing a more sustainable and equal world, and a top performer on the SIX Swiss Exchange and Nasdaq Global Select Market. The logo of the Swiss computer control devices . Logitech's stock has quadrupled since he took over four years ago; the company's now worth $5.5 billion. By the end of March 2020, he said, cash and cash equivalents were a record high for the company, hitting $716 million. On this week's episode of IDEA GENERATION, Scooter Braun takes us on a journey from his days as a college dropout and party promoter in Atlanta, to becoming one of the most successful music executives on the planet. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Please visit https://get.adobe.com/reader to install reader software to access this content. My mom was a first-grade teacher and my dad was a college professor. Bracken himself has been named Swiss CEO of the year by Obermatt three times in the past four years, won the P&G Alumni Innovation Award, and the 2022 Edison Achievement Award. Get this Mount Vernon Argus page for free from Monday, June 16, 1986 y June 16 1986 A Section Pace graduates last law students OBITUARIES under Chancellor Mortola By Catherine Ryan Staff . By the ninth grade, I was playing forward. In the past Bracken P. Darrell occupied the position of Executive VP-Europe, Middle East & Africa at Whirlpool Corp. and President of Whirlpool Europe BV (a subsidiary of Whirlpool Corp.), Manager-Beauty Care Brand at Procter & Gamble Co. and President at Braun GmbH (a subsidiary of Procter & Gamble Co.) and General Manager-Consumer Home Service at General Electric Co. But still Darrell said he's well aware of "how terrible the representation we have at the company is when it comes to the Black community and other under-represented minorities." Additionally, Scott is the author of the multi-week Amazon #1 New Releases, Master Mentors: 30 Transformative Insights From Our Greatest Minds, Management Mess to Leadership Success: 30 Challenges to Become the Leader You Would Follow, and the Wall Street Journal bestseller, Everyone Deserves a Great Manager: The 6 Critical Practices for Leading a Team. April 20-22, 2022 | Fort Myers, FL. 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He has worked around the world on iconic brands like Old Spice, Gillette and Braun, for which he was president. Why? Markets never sleep, and neither does Bloomberg. Now having made "spectacular failures and really good successes," Darrell said he draws on intuition-based decision-making to lead. Logitech is open to sharing its methodology so others can start their own carbon labels, too. Although big and strong, and like his siblings heavily into athletics, Darrell said he was shy but got addicted to the leadership he found on the basketball court while playing in multiple positions, from center to point guard. I really wanted to go to an Ivy League school, but I thought Id never be able to pay for it. Of this total $825,000 was received as a salary, $1,392,188 was received as a bonus, $0 was received in stock options, $4,942,274 was awarded as stock and $49,875 came from other types of compensation. My heart goes out to all of those affected. Logitech says company can grow after COVID-19 boom, Logitech Saw Work-From-Home Reality 'Long Ago': CEO, A Strategy for Buying Logitech While Understanding Risk, Logitech CEO on the surge in computer product sales as people continue remote education and working from home. He issued a seven-point plan in June, which is public on LinkedIn, with the first step being the organization of a supplier diversity program. Bracken Darrell Age : 59 Public asset : 52,936,266 USD Country of residence : Unknown Linked companies : Logitech International S.A. You actually don't even see it," Darrell said. Bracken Darrell, the longtime chief executive of computer accessories maker Logitech, talks about the situation in China, the acquisition strategy of the Swiss company and his professional future. But Ive got two older siblings who are in leadership roles, and my sisters a lawyer. (if applicable) for The Wall Street Journal. College. Id say the most meaningful leadership role was being student body president. The company has offices throughout Europe, Asia, Oceania, and the Americas, and is one of the world's leading manufacturers of input and interface . Darrell said Logitech has become the first consumer electronics company to commit to carbon labeling on all its products, as well as indicating each label on the website. "When you start to have that competition in every single industry, which happens whether it is clothing or toys, you'll really have another driver to having a lower level of carbon impact in the world," he said. Logitech has also won numerous sustainability accolades, including first in a 2021 list of climate-conscious Swiss companies and inclusion on the Dow Jones Sustainability Index for Europe. Since he took over five years ago, Logitech has been a top performer on the SIX Swiss stock exchange and on the NASDAQ. Bracken Darrell has been associated with ten companies, according to public records. CEO Bracken Darrell expects logistics problems and component shortages to continue at least into early 2022, Reuters reports. Early on, we defined several values in the culture that I didnt think were there enough. He also does one or two triathlons a year and plays basketball once a week. He lives in Salt Lake City, Utah, with his wife and three sons. We were definitely on the lower part of the economic curve, but we were in the top 10 or 15 percent on the education curve. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Darrell joined Logitech after four years at Whirlpool and stints at General Electric Co. and Procter & Gamble Co., where he ran Braun, the German maker of high-design shavers and clocks. It's really ironic, because now that I look back on it, it's the biggest advantage I ever had," Darrell said. Gender diversity in leadership has grown from 15% to 50% at Logitech, the CEO reported. print "I'm a big believer in the liberal arts. I grew up in a house where my dad was a college professor -- he was an English major -- and my grandparents were in education. The keyboards and combos group delivered a third consecutive quarter of double-digit growth, and gaming sales, which includes PC gaming, simulation, and console gaming, were up 38% in Q1, as noted in Logitech's Q1 Fiscal Year 2021 Financial Results, released on July 20. "At the CEO level, you probably make more intuition-based decisions than any other job because if you're a good CEO, 98% of decisions should not be made by you," he said. Any goal. If you really set a goal, it forces you to line things up andbuild a path somewhere. He is an English major from Hendrix. Q. But we didn't have any money," he added. Europe, Menlo Park, China), Where the person is located (e.g. I was about the height I am now when I was 12. Get 5 free searches. Bracken Darrell is the president and CEO of Logitech, a Swiss manufacturer of computer peripherals and software. This ultimately leads to a . What Could Elon Musk Possibly Be Thinking? If you do what the first driver did and you dont set a path, you end up going around in circles. Trend Analysis As President and Chief Executive Officer at LOGITECH INTERNATIONAL SA, Bracken Darrell made $7,209,337 in total compensation. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This button displays the currently selected search type. So It Redesigned Its Iconic Can. From his time as manager of Justin Bieber and Asher Roth, to his part in acquiring Big Machine Records, to selling his own company for $1 billion, Braun has built one of the most impressive resumes in music. I was a good athlete, and people literally looked up to me. Coronavirus Tips Working and Protection. Im really not a money-oriented person at all, but Im sure it drove me to feel that you have to have money to have an impact, and I was always very impact-driven. The most dangerous thing is to be sitting in an office and nobodys telling you whats wrong. More than 20 years later, this Gen Xer still remembers them.). 2023 CNBC LLC. The Life Summary of Darrell. This information is according to proxy statements filed for the 2016 fiscal year. of Logitech, the technology accessories maker, was conducted and condensed by Adam Bryant. He doesnt have all the answers to lifes biggest mysteries, he says, but mapping out a destination has made all the difference in his drive through life. In this fascinating discussion, Stan examines Bracken's personal journey of diversity, equity, and inclusion, and why it's not enough to not be racist. Darrell served on the Hendrix Board of Trustees from 2009 to 2015. After earning an English degree from Hendrix, where he was a member of the Student Senate and participated in the Hendrix-in-London program, Darrell attended the Harvard Business School and received an MBA in 1991. Sign up for notifications from Insider! Its not I.Q. Hear from the most influential forces in business and beyond. Why Bracken Darrell, CEO of Logitech, Believes You Always Need a Destination, Dynamic Wealth Management Tips | Rejuvenate Your Personal Finances, Advantages of Bankruptcy | How Filing for Bankruptcy Can Save Your Financial Legacy, Best DNA Test Kits | 5 We Love, 2 to Avoid, Benefits of Estate Planning for People in Their 30s, 40s, 50s, and Beyond. Bracken P. Darrell is a businessperson who has been at the helm of 5 different companies. Empleos Personas Learning Descartar Descartar. Biography of Bracken Darrell Bracken P. Darrell is a businessperson who has been at the helm of 5 different companies. Alastair Curtis and Bracken Darrell [Photo: courtesy Logitech] "We originally used an analogy a lot internally, the keyboard and mouse was a big old tree," says Darrell. You will be charged Bracken reflects on his fascinating career journey, drawing lessons hes learned about goal setting, communication, and the importance of sustainabilityand inclusiveness in organizational culture. Sign up for free newsletters and get more CNBC delivered to your inbox. At Fortune's 2022 Brainstorm Design conference, Logitech president and CEO Bracken Darrell shared his journey to becoming the company's top executive not once, but twice. Bracken Darrell is a keynote speaker and industry expert who speaks on a wide range of topics. This interview with Bracken P. Darrell, C.E.O. Problem-solvers also need to get smart about odd topics in short order. "I didn't want to fail because I had a good track record, but I learned my way out of that one." ", "When I started, I was excited that their core category [the mouse and keyboard business] was in trouble," Darrell said. Bracken Darrell's turnaround and growth strategy at Logitech. It's really the integration of a bunch of things. But I really liked leadership, so I moved into other leadership roles, including student body president of my high school, which was about 1,600 kids. Este botn muestra el tipo de bsqueda seleccionado. I grew up in a house where my dad was a college professor -- he was an . Logitech was always really good at innovation but didn't have any designers inside, so I was really designing a design company.". If you're walking through a savanna, you don't need to notice every blade of grassbut you need to see the lion that wasn't there before. What advice do you give to new college grads? And I remember thinking that I cant wait until I have a real job where people are paid to work, and they actually want to do stuff because theyre paid to work. The Miami Herbert Business School's Distinguished Leaders Lecture Series brings students, alumni and other members of the UM community together with top business leaders throughout the year. I like to tell the story of two drivers, says Bracken Darrell, CEO of Logitech. One such empolyer is Bracken Darrell, the CEO of Logitech. Darrell received a bachelor's degree in Arts from Hendrix College in 1985 and an Master of Business Administration (MBA) from the Harvard University in 1991. We doubled the market share in two years now it is the leading brand in the category for men. One of his first orders of business was tapping Alastair Curtis to lead creative, moving design capabilities in house. I didn't have a choice. 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