Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
Nikon D7100 Canon EOS Rebel T5i Nikon D3300 Canon EOS 1200D Sony A5000 Nikon D4S
  News Headlines Apple Canon Casio Fujifilm HTC LG Nikon Nokia Olympus Panasonic Pentax Ricoh Rollei Samsung Sony  
Lets Go Digital
 
     
Powered by True
Counted by OneStat.com
Frank Russomanno named CEO and Director of Imation
Mark Peters : April 4th 2007 - 22:02 CET
Digital Camera Review Test Appareil Photo Numerique Prueba camara digital Digitale Camera Test Dijital Kamera Incelemeleri Digitalkamera Test Digitalkamera
ImationFrank Russomanno named CEO and Director of Imation : Imation announced that Frank Russomanno has been elected President and Chief Executive Officer and a member of the Board of Directors, replacing Bruce Henderson. Mr. Russomanno had been named acting CEO on November 9, 2006. In addition, Imation's Lead Director Linda Hart, Vice Chairman and CEO of Hart Group, Inc., was elected Non-Executive Chairman of the Board. The company also announced that Bruce Henderson has resigned as Chairman of the Board and Chief Executive Officer of the Company effective as of the close of business today due to health issues as he continues treatment for a malignant brain tumor. He has been on a medical leave of absence since November 9, 2006.
Frank Russomanno named CEO and Director of ImationImation Board of Directors
Mr. Henderson will remain an inactive employee of the Company, participating in the Company's short-term disability program and applying for long-term disability benefits. He joined the Company in May 2004. In a statement released by the company, Mr. Henderson said: "My treatment is on a positive path, but will continue to require a substantial amount of my time and energy. The Board of Directors and I felt that this is an appropriate time for me to formally relinquish my duties to assist the company in making the necessary transition to its new leadership."

Acquisition of Memorex
Mr. Russomanno said: "We wish Bruce and his family the best as he pursues his course of treatment and thank him for his contributions to Imation. Under Bruce's leadership, the company accelerated its growth and made its first major acquisition with Memorex. Bruce also introduced lean principles throughout Imation. Both of those contributions will have a lasting and positive impact on the company."

Imation management team
Ms. Hart said: "On behalf of the entire Board of Directors, I thank Bruce and extend our very best wishes. I also look forward to continuing to work with Frank and the Imation management team in my new role, as the company continues to focus on building long term shareholder value. Frank brings a solid mix of industry experience, knowledge of the Company, and a record of accomplishment as a decisive business leader to his role as CEO. He shares the confidence of his fellow Board members in his ability to move Imation forward."

Executive Biographies
Frank P. Russomanno, age 59, is President, Chief Executive Officer of Imation. Previously, he was Chief Operating Officer and since November, 2006 was acting CEO. Prior to 2003, Mr. Russomanno was president of Imation Data Storage and Information Management business. In this position, he led the company's data storage businesses, including Imation personal storage media business which focused on optical storage solutions, such as CD and DVD technologies, and Imation data storage media and services business which concentrated on removable magnetic media such as tape technology.

Biography Frank Russomanno
During his tenure with Imation and 3M, Mr. Russomanno has held several executive and managerial positions, including vice president of Imation Data Storage media and services business, general manager of Imation Advanced Imaging Program, corporate sales and marketing director, and global sales and marketing director for Photo Color Products. He also served as a European Business Unit Director while with 3M Company. He began his career with 3M Company in 1973 as a sales coordinator and eventually became a sales representative for the magnetic audio & video recording business in the greater metropolitan New York area.

Seton Hall University - Bachelor degree
Mr. Russomanno holds a bachelor degree in history from Seton Hall University. He has also has undertaken graduate work at the University of Oklahoma and Monmouth College and served in the United States Army as an artillery officer achieving the rank of captain. In addition, Mr. Russomanno currently serves on the board of directors for the Content Delivery & Storage Association (CD&SA) and the board of the Merrick Community Center in St. Paul, Minnesota.

Non-Executive Chairman of the Board of Imation
Linda W. Hart, age 66, is Non-Executive Chairman of the Board of Imation Corp. and Vice Chairman and Chief Executive Officer of Hart Group, Inc. (a diversified group of companies primarily involved in residential and commercial building materials and investments). Ms. Hart has been a director of Imation since July 1996. Ms. Hart is also a director of each of the Hart Group companies: Hart Group, Inc., Rmax, Inc. and L&M Acquisitions, Inc. She also serves on the Board of Trustees for the Center for Strategic & International Studies, Washington, D.C.; is former Chairman and current ex officio member of the Legal Advisory Committee to the New York Stock Exchange; a member of the Women's Leadership Board, Harvard University, Kennedy School of Government and serves on a variety of civic boards, including both the Executive Boards of Southern Methodist University Dedman School of Law and Cox School of Business. Ms. Hart previously served on the Board of Directors of Connor Peripherals, Inc and WordPerfect Corporation, is founding president of the International Women's Forum - Dallas and is a member of the Committee of 200.

Biography Ms. Hart
For the 24 years prior to joining the Hart Group in 1990, Ms. Hart was engaged in the private practice of law in Dallas, Texas, specializing in corporate and securities matters. While continuing her legal practice in Dallas, Ms. Hart also served as outside consultant to the Securities and Exchange Commission, Washington, D.C. and as a Visiting Professor at Stanford Law School. She is a graduate of the University of Pittsburgh (B.S. cum laude 1962) and Southern Methodist University Law School (L.L.B. 1965). Ms. Hart has been a member of the American Bar Association House of Delegates and has written and lectured frequently throughout the country on corporate and securities law subjects.

About Imation Corp
Imation Corp is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage.

   Corporate news
   Imaging news
   Industry news
   Next  Kopin electronic viewfinder for Olympus SP-550 UZ
   Previous  Adobe FlashCast propels NTT DoCoMo i-channel
   News by brand:Imation
   News by category:Corporate
   News by brand and category:Imation Corporate
   Canon EOS 700D - $619.00
   Nikon D7100 - $819.00
   Nikon D5300 - $649.99
   Sony Alpha 6000 - $679.95
   Canon EOS 70D - $818.00
   Samsung NX300 - $499.00
   Canon PowerShot G1 X Mark II - $649.00
   Sony CyberShot DSC RX100 III - $798.00
   Panasonic Lumix DMC LX7 - $219.00
   Nikon D3300 - $458.00


LetsGoDigital digital camera magazine
Latest Imation announcements
TDK 8cm Blu-ray discs
Imation appoints Chief Marketing Officer
Frank Russomanno named CEO and Director of Imation
Data center management symposium
Imation and Memorex showcase products at PMA
Imation Pivot USB flash drives
Imation sponsors Memorex at the Nascar Busch Series
Imation receives Tekne Innovation Award
Imation data backup technology
Flash Memory Drive with Sudoku Imation Clip
Imation Inkjet Printable CDs and DVDs with AquaGuard
Imation flash products at MobileFocus event
Imation Clip USB 2.0 flash drive
Imation appoints Subodh Kulkarni as Vice President
Imation storage products at DigitalFocus PMA 2006
 
Twitter LetsGoDigital
Latest news headlines
Canon D-SLR camera lenses
Canon EF 400mm telephoto lens
Canon EF 24-105mm zoom lens
Canon EF-S 24mm wide-angle lens
Canon Cleans Lakeland County Park in Islandia
Canon PowerShot digital compact cameras
Canon PowerShot SX60 HS
Canon PowerShot G7X compact camera
Canon PowerShot G7 X
Panasonic Lumix DMC-GM5
Panasonic Lumix DMC-LX100
Canon PowerShot N2
iPhone 6 pre-orders hit a record
Samsung NX1 Compact System Camera
Samsung NX1
   
CanonCasioFujifilmNikonOlympusHTCSamsungSonyPanasonicNokia
  Accessories Android Apps Camcorders Digital cameras Mobile phones Smartphones Software Tablets   CES CeBIT Gadgets IFA Photokina PMA