Iomega Interim CEO Appointed.ROY, Utah--(BUSINESS WIRE)--Aug. 20, 1999--
Iomega Corporation (company, storage) Iomega Corporation - A storage device manufacturer whose major products are the Zip and Jaz removable disk drives and Ditto tape drives. They became popular with an early product called the Bernoulli Box. (NYSE NYSE
See: New York Stock Exchange :IOM IOM
See: Index and Option Market ) announced today that after a unanimous vote of its board of directors, David J. Dunn, chairman of Iomega's board of directors will serve as chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , effective September 1, 1999, until a new CEO is hired.
Dunn has been Iomega's chairman since 1980. He is also the managing general partner of Idanta Partners Ltd., a venture capital firm, a position he has held since 1971.
"Iomega has a strong customer franchise, successful product offerings and skilled employees," said Dunn. "My areas of focus will be returning Iomega to profitable growth, continuing Iomega's development of innovative solutions and recruiting top talent to fill executive openings, including that of CEO."
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(R), Jaz(R) and Clik!(TM) drives and disks and ZipCD(TM) drives and discs that help people to organize, manage, create, exchange and share their important information. Used in homes, businesses, government, education and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-800-MY-STUFF (800-697-8833), or on the Web at http://www.iomega.com.
Special note: Statements contained in this release from Mr. Dunn related to returning Iomega to profitable growth, continuing Iomega's development of innovative solutions and recruiting top talent to fill executive openings are forward looking statements. There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements, including market acceptance of, and demand for, Iomega's products, manufacturing, development and distribution issues, product pricing, competition, intellectual property rights and other risks identified in Iomega's Annual Report to Stockholders for 1998 on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. , filed March 26, 1999 and its most recent quarterly reports filed with the SEC.
Iomega, Zip, Jaz and the stylized styl·ize
tr.v. styl·ized, styl·iz·ing, styl·iz·es
1. To restrict or make conform to a particular style.
2. To represent conventionally; conventionalize. "i" logo are registered trademarks and ZipCD, Clik! and NZR NZR New Zealand Railways
NZR New Zealand Red (rabbit breed)
NZR Near-Zero Radius are trademarks of Iomega Corporation. All other products and brand names are the property of their respective owners. For maximum reliability, use only genuine Zip disks featuring the genuine Zip 100 or Zip 250 symbols in your Zip drive.