Imation Names Theodore Bunting, Jr. and William LaPerch to Board of Directors

  Imation Names Theodore Bunting, Jr. and William LaPerch to Board of
  Directors

Business Wire

OAKDALE, Minn. -- November 13, 2012

Imation Corp. (NYSE: IMN), a global scalable storage and data security
company, today announced that Theodore Bunting, Jr. and William LaPerch have
been elected to Imation’s Board of Directors.

Bunting is currently group president, utility operations, for Entergy
Corporation, an integrated energy company engaged in electric power production
and retail distribution operations, a position he has held since June 2012.
Bunting has previously held numerous executive positions within Entergy
Corporation and its subsidiaries, including senior vice president and chief
accounting officer. He is also a certified public accountant.

LaPerch was chief executive officer, president and director of AboveNet Inc.,
a leading provider of high bandwidth connectivity solutions for business and
carriers, from January 2004 to July 2012. Prior to AboveNet, LaPerch held
executive management positions at MCI telecommunications, a global business
and residential communications company, and at NYNEX Corporation, a regional
telephone holding company.

“We are pleased to add Theo Bunting and Bill LaPerch to Imation’s Board of
Directors,” said L. White Matthews, III, Non-Executive Chairman of the Board.
“Theo brings deep experience as a financial leader dealing with complex
financial and accounting matters for public companies, as well as broad
managerial experience. Bill has extensive experience in operations and
strategic planning with start-ups, turnarounds, and other rapid-change
environments in the telecommunications and cloud infrastructure industries. We
are confident that both Theo and Bill will make considerable contributions to
our Board.”

Bunting and LaPerch were elected as Class II members, effective November 8,
2012, for terms expiring at the annual meeting of shareholders to be held in
2013. Bunting will serve on the Audit & Finance and Compensation Committees of
the Board of Directors. LaPerch will also serve on the Audit & Finance and
Compensation Committees.

Imation also announced that effective November 6, 2012, Glen A. Taylor
resigned from Imation’s Board of Directors. Taylor, chairman of Taylor
Corporation and owner of the Minnesota Timberwolves (NBA) and Minnesota Lynx
(WNBA), had been a director of Imation since May 2000. He served as a member
of the Company’s Compensation Committee and Nominating & Governance Committee.

“We’d like to recognize and thank Glen Taylor for his years of service on
Imation’s Board. His extensive international business experience and
leadership vision has proven very valuable to the Company. We wish Glen the
best in all of his future endeavors,” concluded Matthews.

About Imation
Imation is a global scalable storage and data security company. Our portfolio
includes tiered storage and security offerings for business, and products
designed to manage audio and video information in the home. Imation reaches
customers in more than 100 countries through a powerful global distribution
network and well recognized brands. For more information, see www.imation.com

Imation and the Imation logo are trademarks of Imation Corp. and its
subsidiaries.

Contact:

Imation Corp.
Mary Rawlings-Taylor, 651-704-6796
Email: mjrawlings-taylor@imation.com
 
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