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Leung Added To Imation Board Of Directors

Oakdale, Minn. — Raymond Leung has been elected to the Imation board of directors.

Leung is CEO of TDK’s Asian subsidiary in China; senior VP of TDK Japan; and chairman of SAE Magnetics, a wholly owned subsidiary of TDK in the development, manufacture and sale of HDD heads.

His addition to the board brings the number of members to 11. It also follows Imation’s acquisition of TDK’s recording media business for stock and cash, which made TDK Imation’s largest shareholder and gave TDK the right to nominate a candidate to the board.

“We are very pleased to have Raymond join Imation’s Board,” said Linda W. Hart, non-executive chairman of the board, in a statement. “His global business background and data storage industry expertise will further strengthen the Imation Board and provide additional depth and breadth of experience.”