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.
