Iomega President, CEO Bruce Albertson Resigns

Iomega Corp. President and Chief Executive Bruce Albertson has resigned amid differences with the computer storage company’s board over strategic direction, the company said.

The company also said several cost-cutting moves could soon be implemented, possibly resulting in restructuring charges and write-offs.

The Roy, Utah-based company, known for its popular portable Zip disk drives, said a committee of the board made up of two of Iomega’s directors, Jonathan Huberman and Robert Berkowitz, will manage the company’s affairs while it searches for a CEO.

Albertson, who joined the company in 1999 as its president and chief operating officer, added the title of CEO in January 2000.

Iomega shares rose 2 cents to $3.48 in New York Stock Exchange trading.