March 19, 2010 (FinancialWire) — Imation Corp. (NYSE: IMN) said that Frank Russomanno, the company’s vice chairman and chief executive officer, will retire immediately following the company’s annual meeting on May 5.

Mark Lucas, president and chief operating officer, was named by the board to succeed Russomanno as president and chief executive officer, effective immediately following the meeting

Russomanno has served as vice chairman of Imation since March 2009 and as chief executive officer of Imation since April 2007. The board also nominated Lucas for election to the board of directors.

Prior to joining Imation, Lucas served as chairman and chief executive officer of Geneva Watch Group, a privately held company, from November 2005 to August 2008. Prior to that role, Lucas served as president and chief executive officer of Altec Lansing Technologies, a manufacturer of consumer audio equipment, from June 2001 to August 2005.

Minnesota-based Imation is a global developer and marketer of branded products that enable people to capture, save and enjoy digital information.

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