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Imation Names Three to Vice President Slots

Press release from the issuing company

OAKDALE, Minn.--July 31, 2001--Imation Corp. announced the following executive appointments within its Data Storage & Information Management (DS&IM) business segment, which represents more than 70 percent of Imation's $1.2 billion in annual revenues. All three individuals report to Imation's Chairman and CEO, Bill Monahan, who also heads up the DS&IM business segment. Stephen J. Carter was promoted to vice president and general manager, personal storage solutions, responsible for the company's consumer data storage offerings including diskette and optical media, drives and accessories. Since joining Imation in September 1998, Steve has held various executive management positions including general manager of network storage, general manager of program development and most recently, general manager, personal storage solutions. Before joining Imation, Steve held a variety of managerial, technical development, and marketing positions during 24 years with IBM including manager of product introduction and manager of strategy and architecture for the AS/400 system. Steve holds a BA degree in Business Administration from the University of Notre Dame. Frank Russomanno was promoted to vice president and general manager, data storage media and services, responsible for the company's business-to-business data storage offerings including entry level, mid-range and high-end tape cartridges and data center services. He joined Imation as part of its spin off from 3M in 1996 and held various executive management positions including director of corporate marketing, global marketing director of the photo color business, general manager for advanced imaging research and most recently general manager, data storage media and services. Prior to Imation, Russomanno spent 23 years in 3M holding positions in sales and marketing for magnetic media, including European business development director. He holds a BA degree in History from Seton Hall University. Colleen R. Willhite was named vice president of manufacturing and supply chain, responsible for providing a high quality and consistent supply of data storage product to customers while optimizing efficiency within the supply chain. She joined Imation as part of the spin-off from 3M in 1996 and has held roles of increasing management responsibility in manufacturing, information technology (IT) processes and supply chain most recently; she was general manager of operations for Imation's Color Technologies business segment. Prior to Imation, she spent 17 years with 3M in various management positions including plant manager in Weatherford, Oklahoma and product line manager in Hutchinson, MN. Colleen has a Bachelor of Chemical Engineering from the University of Minnesota and an MBA from the University of St. Thomas.

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