October 23, 1998
New Iomega CEO
by Yi-Hsin Chang (TMF Puck)
OK, we're taking credit for Iomega's (NYSE: IOM) long-anticipated announcement late Thursday that it has hired Jodie Glore as its new president and CEO. Much like the "logic" that if you carry an umbrella, it won't rain, we're taking credit because we managed to interview former interim acting CEO Jim Sierk for our weekly StockTalk feature on Wednesday, the day before the big announcement.
The new man in charge, 51-year-old Jodie Glore, joins Iomega from Rockwell Automation, where he was president and chief operating officer, as well as corporate senior vice president of its parent company, Rockwell International (NYSE: ROK). Iomega Chairman David Dunn praised Glore as someone who "knows technology" and "the people side of business," and for growing Rockwell Automation to a $4.5 billion division from $2.1 billion in just four years. Glore has an engineering degree from the U.S. Military Academy at West Point. So far, Fools on our Iomega message board seem to be giving Glore the benefit of the doubt.
Following the resignation of former Iomega CEO Kim Edwards in late March, The Motley Fool conducted its own global search for a new leader for the beleaguered company. Jodie Glore didn't apply, but more than a hundred Fools did. We thought it would be a good time to revisit April 7, 1998 and take a look at the contest and the winners.
- Yi-Hsin Chang (TMF Puck)