Memorex 2007 Annual Report Download - page 38

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Employees
At December 31, 2007, we employed approximately 2,250 people worldwide, with approximately 1,360 employed in
the United States and approximately 890 employed internationally.
Environmental Matters
Our operations are subject to a wide range of federal, state and local environmental laws. Environmental remediation
costs are accrued when a probable liability has been determined and the amount of such liability has been reasonably
estimated. These accruals are reviewed periodically as remediation and investigatory activities proceed and are adjusted
accordingly. Compliance with environmental regulations has not had a material adverse effect on our financial results. As
of December 31, 2007, we had environmental-related accruals totaling approximately $0.5 million and we had minor
remedial activities underway at one of our facilities. We believe that our accruals are adequate, though there can be no
assurance that the amount of expense relating to remedial actions and compliance with applicable environmental laws will
not exceed the amounts reflected in our accruals.
International Operations
Approximately 54 percent of our total 2007 revenue came from sales outside the United States, primarily through
subsidiaries, sales offices, distributors and relationships with OEMs throughout Europe, Asia, Latin America and Canada.
The data storage market is at different levels of development and penetration in different geographic regions. As a result,
growth rates will typically vary in different application areas and product categories in different parts of the world. Our EP
segment did not have material operations internationally during 2007. We do not manufacture outside the United States.
See Note 17 to the Consolidated Financial Statements for financial information by geographic region.
As discussed under “Risk Factors” in Item 1A of this Form 10-K, our international operations are subject to various
risks and uncertainties that are not present in our domestic operations.
Executive Officers of the Registrant
Information regarding our executive officers as of February 29, 2008 is set forth below.
Frank P. Russomanno, age 60, is President, Chief Executive Officer and a member of our Board of Directors. He
became President and Chief Executive Officer in April 2007, was acting Chief Executive Officer, Chief Operating Officer
and President from November 2006 to April 2007 and was Chief Operating Officer from November 2003 to November
2006. He joined Imation at spin-off in July 1996. Prior to assuming his current responsibilities, he held various leadership
positions with Imation, including, Corporate Sales and Marketing Director, President of Data Storage and Information
Management and General Manager of Advanced Imaging Technologies. Prior to joining Imation, he held multiple sales and
marketing positions with 3M Company, including European Business Director.
Bradley D. Allen, age 57, is Vice President, Investor Relations, a position he has held since spin-off. From October
1994 to May 1996, he held the senior investor relations position at Cray Research, which was acquired by Silicon Graphics
in 1996. Prior to Cray Research, he led the investor relations function at Digital Equipment Corporation.
Jacqueline A. Chase, age 54, is Vice President, Human Resources, a position she has held since October 1998.
Prior to assuming her current responsibilities, she was Director of Human Resources. She has been with Imation since
spin-off. From 1991 to 1996, she held the position of Senior Counsel in 3M Company’s legal department. Prior to joining
3M Company, she was an associate attorney at the law firm of Oppenheimer, Wolff and Donnelly.
James C. Ellis, age 50, is Vice President, Strategy and M&A, a position he has held since August 2007. He has
been with Imation since spin-off. Prior to assuming his current responsibilities, he had various leadership positions within
Imation, including Vice President, Strategic Growth Programs, Vice President of Global Product Strategy, General Manager
New Business Ventures, Director of Strategic Marketing, and Enterprise Storage Manager. Prior to joining Imation, he held
various business and technical positions with 3M Company.
Peter A. Koehn, age 47, is Vice President, Global Operations, a position he has held since August 2007. Prior to
assuming his current responsibilities, he was Vice President and Corporate Controller. He joined Imation in 2000 as
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