Wall Street hates surprises. Sure enough, the unexpected departure of Logitech International's (NASDAQ: LOGI) CEO has investors racing for the exits, sending shares down more than 12% on Wednesday morning.

On Wednesday, Logitech, maker of keyboards and other computer peripherals, announced CEO Bracken Darrell is departing in order to "pursue another opportunity." Darrell's resignation is effective immediately, though the company said he will remain for a few months in order to help facilitate a seamless transition.

Director Guy Gecht will step in as interim CEO while a permanent replacement is found.

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Source Fool.com