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Imation raises acting CEO’s salary

15 November 2006 — Oakdale (MN): Imation has raised the salary of Frank Russomanno, the acting CEO, from $525,000 to $625,000. CEO Bruce Henderson was diagnosed in August with a malignant brain tumour and...

Imation Q3 boosted by Memorex acquisition

 24 October 2006 — Oakdale (MN): Imation's Q3 revenue, including revenue of $109.9 million from the Memorex acquisition, has increased by 42.2 percent to $424.7 million from $298.6 million a year earlier. Excluding Memorex, Q3...

Imation recognises inventors

 23 October 2006 — Oakdale (MN): During Imation's fourth annual Patent Recognition Banquet, 38 employees were named as inventors on the patents issued to the company during 2005. The firm also presented Significant Patent Awards...

Vision awards top dealers

 5 October 2006 — Las Vegas (ND): Vision Business Products has recognised its top dealers at its Annual Supplies Conference in Las Vegas. Fujifilm was awarded the supplier of the year accolade and Supplies Network...

Inferno promotes electronic data storage

 An inferno swept through Iron Mountain's London archive warehouse last month, completely destroying the company's six-storey, 126,000 sq ft building resulting in the total loss of all paper archives stored in the facility. The fire...

People & Places

 USA Eastman Kodak's board of directors has named Laura Quatela as a VP at the company. Quatela has been with the firm since 1999, most recently as director of intellectual property transactions. Rochester (NY) Imation CEO,...

Imation CEO in health scare

 11 August 2006 — Oakdale (MN): Imation CEO, Bruce Henderson, is beginning a course of radiation therapy in the treatment of a malignant brain tumour. Henderson will remain chairman and CEO while undergoing treatment, which...

Imation streamlines operations

 21 August 2006 — Oakdale (MN): Imation has today opened its new 364,000 sq ft distribution centre in Southaven, Mississippi. The opening of the centre marks Imation's consolidation of its former Memorex brand distribution centres...

Brand strength in numbers

 The demand for data storage capacity is on a steep upward curve. Indeed, global data storage needs are expected to more than triple by the end of the decade. And Imation is a company...

Imation reports Q2 results

27 July 2006 — Oakdale (MN): Imation has announced Q2 revenue of $365.8 million, an increase of 21.3 percent compared to $301.5 million in Q2 2005. Operating income was $18.6 million, compared to $23.8...

Mixed bag for Q2 results

 The latest bout of financials has turned up some interesting results. With the effects of the current retail slump not showing up till later in the year, the US retail sector is looking forward...

Imation names Ellis VP

2 June 2006 — Oakdale (MIN): Imation has promoted James Ellis to VP of strategic growth programmes. Ellis, a former general manager of global product strategy at the company, has over 25 years' experience in...

People & Places

 > In North America: • OfficeMax has elected Perry Zukowski as EVP of human resources. Zukowski was previously VP of human resources at General Binding Corporation (GBC). • HP has appointed Sam Taylor to the newly created...

Imation completes Memorex acquisition

2 May 2006 - Oakdale (MI): Imation has completed its $329 million acquisition of Memorex from Hong-Kong Hanny Holdings and other shareholders. Imation has said it expects the disk and tape manufacturer to add...

News in Brief

 USA Fellowes has appointed Michel van Beek to the newly created position of VP of sales and export. Van Beek, formerly European sales and export director for GBC, takes responsibility for European sales in...

Imation reports on Q1

19 April 2006 – Oakdale (MN): Imation has reported a Q1 earnings drop of 37.4 per cent due to restructuring costs and other charges.    First-quarter earnings dropped to $19.4 million, or EPS of $0.55, compared...

Imation bid for Memorex given OK

10 March 2006 – Oakdale (MN): Imation has said that the antitrust waiting period related to its purchase of Memorex International has expired. As a result, no further antitrust regulatory review of the deal...

Imation names Kulkarni as VP of R&D

 2 March 2006 – Oakdale (MN): Imation has named Dr Subodh Kulkarni as VP of research and development. He succeeds Dr Richard Weiss, who is retiring. 

Imation to buy Memorex

 Imation is to buy Memorex International for $330 million in cash. The deal, which strengthens Imation's CD and DVD business, includes performance-based payments of $5 million to $45 million after the transaction closes. Imation...

Big Read

Podcast: Mike Gentile, ISG: ‘It’s going to be a love fest!’

Independent Suppliers Group (ISG) CEO Mike Gentile looks ahead to Industry Week in November 2021. With the physical events calendar having been pretty much obliterated...