Iomega Corporation Announces Appointments of its Vice Chairman and Chief Executive Officer, and President and Chief Operating Officer
Jonathan S. Huberman Appointed as Vice Chairman and CEO; Thomas D. Kampfer appointed as President and COO
SAN DIEGO, Feb. 24, 2006 -- Iomega Corporation (NYSE: IOM), a leader in data storage, today announced that Jonathan S. Huberman has been appointed as Vice Chairman of Iomega's Board of Directors and Chief Executive Officer. Stephen N. David, who had been serving as the interim Chief Executive Officer, will continue to serve as the Chairman of the Company's Board of Directors.
"The Board of Directors is excited that Jonathan has accepted the responsibility to guide Iomega at this critical juncture. As an active member of the Board and leader of the strategy committee, Jonathan is intimately familiar with the business challenges we face and will be able to make an immediate impact in crafting a new strategic direction for the company,” said Stephen David, Iomega Chairman of the Board. “In addition to his strategic skills and knowledge of the technology space, Iomega will benefit from his skill set as a private equity investor—these skills can be used to help Iomega grow,” David added. “The Board is delighted that Tom has agreed to remain with Iomega and assume significant additional responsibilities. His broad knowledge of the Company and its operations and his organizational and execution skills, teamed with Jonathan, creates an ideal team to lead Iomega forward,” concluded David.
“I am pleased to accept this challenge and am enthusiastic about Iomega’s potential,” said Jonathan Huberman, Vice Chairman and Chief Executive Officer. “I am excited to be working with Tom and we plan to work closely with the Board of Directors in the near term to build a long term strategy for the Company that leverages Iomega’s considerable assets. In addition, an immediate priority is to work together with Iomega management to return the Company to sustained profitability.”
Thomas Kampfer, President and Chief Operating Officer, said, “I am energized by this new opportunity and am confident that we can build and successfully execute on a strategy that will return Iomega to growth. I look forward to working with Jonathan and the Board to bring a new sense of purpose, speed of execution, and positive change to the Company.”
Prior to accepting this position, Mr. Huberman was a Managing Director at aAd Capital, a hedge fund focused on investing in small to mid-sized public companies. Prior to aAd Capital, Mr. Huberman was a General Partner with Idanta Partners, a private equity affiliate of the Bass family interests. During his more than nine years at Idanta, Mr. Huberman made private and public investments in many sectors including a variety of hardware, software and services companies across the information technology value chain. In addition, while at Idanta, Mr. Huberman served as CEO of two of Idanta’s portfolio companies and on twelve Boards of Directors. Prior to joining Idanta, Mr. Huberman was a case leader with the Boston Consulting Group, a strategic management consulting firm, where he focused on the high technology and consumer products industries and advised clients on a range of issues, such as corporate and business unit strategy, marketing strategy, new product development, and reengineering. Previously, he was a marketing manager at Cray Research, Inc., the leading manufacturer of supercomputers. Mr. Huberman also served as Special Advisor to the Director of the Defense Advanced Research Projects Agency (DARPA) from 1999 to 2001. A native of Washington, D.C., Mr. Huberman graduated with a BA in Computer Science from Princeton University, and received an MBA from The Wharton School at the University of Pennsylvania.
Mr. Kampfer, who joined Iomega in July 2001, has most recently served as its Chief Operating Officer and Interim Chief Financial Officer. During his tenure with Iomega, he has held a variety of other executive positions including Executive Vice President, Business Solutions, Vice President, Corporate Development, and General Counsel and Secretary. Prior to Iomega, Mr. Kampfer was with Entropia, Inc., a developer of distributed computing technology, where he served as Vice President, General Counsel and Secretary and Vice President, Corporate Development, from February to July 2001. Prior to that, Mr. Kampfer was with Proxima Corporation, a developer, manufacturer and marketer of multimedia projection products, which was acquired by InFocus Corporation in June of 2000. There, he served in several capacities from January 1995 to January 2001, including Vice President, General Counsel and Secretary and Vice President, Business Development. In these positions, Mr. Kampfer played a key role in leading the company through a comprehensive restructuring and turnaround, followed by two international mergers in a three-year period. He was also responsible for new business opportunities and led the company’s global Internet strategy. Prior to his Proxima assignment, Mr. Kampfer spent ten years with IBM Corporation, first as an manufacturing/cost engineer and later as an attorney focused on commercial agreements, software licensing, mergers and acquisitions, and restructuring. Mr. Kampfer holds a Bachelor of Science degree in Industrial Engineering from Purdue University, and a Juris Doctorate degree from Georgetown University.
Mr. Kampfer will continue to serve as Interim Chief Financial Officer until his successor is named.
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their valuable digital information. Iomega's award-winning storage products include the Iomega® REV® 35GB drive, available in several computer interface models, as well as a 10-cartridge, one-drive automation product, the REV 1000 Autoloader; Zip® 100MB, 250MB and 750MB drives; high-performance Iomega external hard drives and HDD solutions such as the Iomega StorCenter™ Network Hard Drive, the Iomega 1TB Desktop Hard Drive XL Series, the Iomega MiniMax USB 2.0/FireWire Desktop Hard Drive and the Iomega ScreenPlay™ Multimedia Drive; Iomega Mini USB Flash drives and Micro Mini™ USB Flash drives; Iomega external CD-RW drives; Iomega Super DVD drives; and Iomega floppy USB-powered drives. Iomega simplifies data protection and sharing at home and in the workplace with Iomega Automatic Backup software and HotBurn® CD-recording software. For networks, Iomega NAS servers offer capacities of 160GB to 1.6TB. For unlimited capacity and anytime, anywhere access, Iomega offers iStorage™ secure online storage. Iomega also offers businesses and consumers a comprehensive data recovery services solution for recovering lost data due to hardware failure, file corruption or media damage. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at www.iomega.com.
Copyright© 2006 Iomega Corporation. All rights reserved. Iomega, Zip, REV, StorCenter, ScreenPlay, Active Disk, iStorage, Micro Mini, and HotBurn are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.
Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 email@example.com
Analyst/Investors, please contact:
Tom Kampfer, Iomega Corporation, (858) 314-7188