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Iomega president, CEO resigns

Iomega president, CEO resigns

Iomega president and chief executive officer Jodie Glore has resigned, the company announced late last week.

Glore's resignation will be effective on August 31. In a letter to shareholders, David J. Dunn, chairman of Iomega's board of directors, said Glore is leaving for personal reasons.

"[Glore] informs me that he is not leaving for another position and intends to take a vacation and spend time with his family," Dunn said in the letter.

Iomega is the manufacturer of PC storage devices, which it calls Jaz and Zip drives, and the recently launched Clik PC Card Drive. The company also makes the Liquid Audio Player, a digital online music player.

Iomega restructured last June after a second-quarter loss, cutting 450 jobs and closing plants in San Jose and San Diego. Offices in France and Scotland were also consolidated.

The company suffered a second-quarter net loss of 7 cents per share.

Dunn will take over from Glore as acting president and CEO until a new CEO is hired.


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