Imation Corp. announced Thursday that its vice chairman and CEO, Frank Russomanno, will retire effective May 5. Russomanno had been CEO since 2007, and joined the company after its spin-off from 3M in 1996.
Imation Corp. Thursday reported a $57.6 million loss for the most recent quarter, which was largely due to a $49 million settlement due to the company's settlement with Philips.
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