Short Takes - People & Positions:

Imation Promotes Russomanno To president Of Data Storage

Imation Corp named Frank Russomanno president of the company's Data Storage and Information Management business segment. In his new role, Russomanno, reporting to Imation Chairman and CEO Bill Monahan, assumes global responsibility for marketing, sales, business development and R&D operations for all of the company's data storage customer sectors, spanning business-tobusiness and consumer markets and encompassing magnetic tape, optical and diskette products.

Previously Russomanno had been responsible for Imation's business-to-business sector. In 2001, Imation's company-wide data storage revenues totaled $875.9 million. In the six months ended June 30, 2002, they totaled $497.5 million. Imation also announced that Steve Carter, vice president of Imation's Personal Storage Solutions business, will be leaving the company to pursue other interests.

Carter joined the company in September 1998 from IBM. The Personal Storage Solutions business is focused on the consumer data storage sector. Commenting on Russomanno's appointment, Imation CEO Monahan said: "This promotion comes as Imation focuses aggressively on the removable data storage media industry. With Frank's proven business leadership, global experience and strategic vision, we will accelerate implementation of our data storage focused strategy. We have a strong presence in the B2B market today and are building an increasing presence in the consumer market as well."

Combining the business and consumer organizations under one leader strengthens synergy across market sectors as we speak with one voice to customers, employees and channel partners." In July 2001, 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. He joined Imation as part of its spin off from 3M Company 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 was with 3M for 23 years, holding positions in sales and marketing leadership for magnetic media, including European business director. He holds a Bachelor of Arts degree in history from Seton Hall University.

About Imation

Imation Corp. is a global company widely recognized as a leader in removable data storage and information management. Imation removable data storage offerings are a key ingredient in much of the world's technology infrastructure - from corporate data centers, to networks, to small businesses and home users. The product line is one of the broadest in the industry, with magnetic and optical products for the enterprise data center, the network environment, and the consumer. For business users, Imation magnetic tape cartridges deliver reliable data storage in data processing, backup and archive applications.

Imation's storage consulting services help customers to improve performance, maximize efficiency, and minimize cost for a multitude of storage environments. Consumers use Imation's broad range of digital media, drives and accessories to store photos, data, music and more. On its own and through industry alliances, Imation continues to pioneer today's proven tape, optical and diskette technologies. As of June 2002, Imation employed approximately 3,200 people worldwide.

The Company has sales in over 60 countries with international revenues contributing 47% of total sales. Additional information about Imation is available on the Company's website at www.imation.com, or by calling 888-466-3456.

Belluzzo Takes Quantum Leap

As reported by Larry Dignan; Data storage company Quantum former Microsoft executive Rick Belluzzo as its chief executive officer, effective Sept. 3. Belluzzo is a 25-year tech industry veteran with stints as an executive vice president at Hewlett-Packard and CEO at Silicon Graphics.

On May 1, Belluzzo stepped down as chief operating officer at Microsoft, where he managed many of the company's consumer products and services after his arrival in September 1999. In moving to Quantum, Belluzzo is downsizing a bit. According to regulatory filings, Quantum had 3,100 regular employees, compared with Microsoft's 47,600. At Quantum, Belluzzo will take over for CEO Michael Brown, who will become chairman of the company.

In a statement, Brown described Quantum as a company in "transition" and looking for a broader role in data protection and network storage solutions. "We have focused not only on expanding our portfolio of storage systems and services, but also on further strengthening the expertise of our management team in these areas," said Brown. Belluzzo is expected to use his relationships and knowledge of the tech sector to help the Milpitas, CA. company increase its business.

For its fiscal year 2002, which ended March 31, Quantum reported net income of $42.5 million on revenue of $1.1 billion. That's down from net income of $160.7 million on revenue of $1.4 billion in the preceding year. Belluzzo said he is "excited" about joining Quantum and looks forward to the "opportunities in data protection and network storage."

At Microsoft, Belluzzo was crowded out as the No. 3 executive behind Chairman Bill Gates and CEO Steve Ballmer. His tenure was marked by the lackluster results of many of Microsoft's consumer projects, such as the plan to convince customers to pay for software on a subscription basis.

At HP, he was largely credited with building the company's profitable printer business. He was also an heir apparent to the CEO at HP before leaving to take the reins at Silicon Graphics. In an April interview Belluzzo said he wasn't sure about his next step after his stint at Microsoft, but made it clear he wanted to be in control.

SanDisk Appoints Hisao Kushiyama president

SanDisk Corporation, a leading provider of flash storage cards and technologies, today announced that Mr. Hisao Kushiyama has been appointed as president of SanDisk Limited (SanDisk Japan), a wholly owned subsidiary of SanDisk Corp.

Mr. Kushiyama will be responsible for growing SanDisk Japan's retail and OEM market share and brand presence as well as managing key customer relationships and partnerships in Japan. He will report to Sanjay Mehrotra, executive vice president and chief operating officer at SanDisk. The appointment is effective immediately.

Mr. Kushiyama has more than 33 years of experience at NEC, Japan's leading semiconductor and electronics company. Throughout his career at NEC, he has held various executive-level management, sales and engineering positions. Most recently, he was the general manager at NEC Deviceport Co., formerly the Semiconductor Sales Division of NEC, where he led the corporate planning division with a staff of 300 and was responsible for 200 billion (Yen) in annual sales.

"SanDisk Japan continues to play an important role in the expansion of SanDisk's global presence," said Mehrotra. "Mr. Kushiyama's extensive experience in growing and leading businesses as well as his wide network of relationships with key players in the industry will be of tremendous benefit to SanDisk as we continue to build our market leadership and brand. We are delighted to have Mr. Kushiyama join our team."

Kushiyama said, "SanDisk is a pioneer in the flash card market and its products are really the heart of digital cameras, hand held computers, mobile phones and other consumer electronics devices that require flash memory. While still in their early stages, these markets are growing rapidly and SanDisk is very well positioned to take advantage of this tremendous growth. I am very excited about joining SanDisk's global team and to leverage my experience and relationships to grow the business."

Mr. Kushiyama has held various international management positions at NEC throughout the 1980s, where he was responsible for expanding business operations in Germany, England and France. He previously held a variety of engineering positions involving semiconductor development in the 1970s. He earned a Masters degree in Electronics Engineering from Kyushu University.

SanDisk Japan's offices are located in Yokohama, Japan and can be reached at 81-45-474-0181.

SanDisk Corporation, a leading supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. The company sells all of the popular flash memory card formats including CompactFlash, SmartMedia, Secure Digital, the MultiMediaCard and Memory Stick as well as a complete line of card readers. SanDisk is based in Sunnyvale, CA.

A photo of Mr. Kushiyama is available upon request. SanDisk's Web site/home page address: www.sandisk.com.