Analyst/Investors, please contact:
Jim Recob, Iomega Corporation, (801)332-4430 recob@iomega.com

FOR IMMEDIATE RELEASE

Iomega Corporation Appoints Barry Zwarenstein As Vice President Chief Financial Officer

President and CEO Werner Heid
Introduces New Executive Management Team

SAN DIEGO, California, November 1, 2001- Iomega Corporation (NYSE: IOM), a global leader in reliable, portable data storage, today appointed Barry Zwarenstein as its vice president of finance, information technology and chief financial officer, effective immediately.

Zwarenstein is a veteran financial executive with over 25 years of experience in high technology and chemical industries. He replaces Phil Husby, who is leaving the company to relocate to Northern California where his family resides. Husby has served as chief financial officer for Iomega since August of 1999.

"Phil Husby has played an invaluable role in Iomega's recent restructuring, but I respect his personal decision and wish him the best in his future endeavors," said Werner Heid, president and CEO, Iomega Corporation. "I am pleased to welcome Barry Zwarenstein to Iomega. Iomega is fortunate in being able to attract Barry, whose strong financial background, his solid international and high-tech experience and his excellence reputation will serve us well as we build the future of Iomega."

Zwarenstein's career includes extensive financial experience domestically and internationally in a variety of industries. Most recently, he was the chief financial officer for Mellanox Technologies, Ltd., a leading supplier of semiconductors based on the InfiniBand™ Trade Association standard. Previously he was chief financial officer of Acuson Corporation, a producer of advanced diagnostic medical ultrasound systems, until its acquisition by Siemens A.G. He held a similar position at Logitech S.A. a leading supplier of interface devices that connect people and computers. Zwarenstein started his career at FMC Corporation. At FMC he was controller for a variety of businesses domestically and internationally and was chief financial officer of FMC Europe, in Brussels, Belgium, at the time of his departure. Barry earned his MBA from the Wharton School of Business at the University of Pennsylvania.

"It's exciting to be joining Iomega at this important juncture," said Zwarenstein. "Iomega and its employees have built a tremendous intellectual property portfolio. Now the challenge is to leverage that know-how and focus our new product development on emerging customer needs, and to do so on a global basis. Werner has assembled a strong senior management team, and I share his vision of Iomega as the premier provider of reliable, portable data storage."

Zwarenstein is the newest member of the executive staff at Iomega. Since joining the company in June as president and CEO, Heid has added several other key executives to his team:

Mahmoud Mostafa, executive vice president, research, development and operations. Mostafa has over 20 years of computer peripherals experience with Hewlett-Packard Company in manufacturing, supply chain management, and research and development. Mostafa joined Iomega from Phogenix, an HP/Kodak joint venture, where he served as chief operating officer.

Thomas Kampfer, general counsel and secretary. A graduate of Georgetown University Law Center, Kampfer brings more than 16 years of computer, software and M&A experience, including senior legal positions with IBM Corporation and Proxima Corporation. Kampfer also oversees Iomega's e-business initiatives.

Anna Aguirre, vice president, human resources. Aguirre brings a strong background of senior human resources positions with technology companies in turn-around and M&A situations, including nine years at Proxima Corporation where she served as business partner to the president with responsibilities in change management, organizational development and integration and human resources planning.

Robert Borden, vice president, customer advocacy. Formerly with Hewlett-Packard, where he held senior marketing positions for several HP products and brands, Borden is charged with building and maintaining the knowledge infrastructure, which enables Iomega to ensure consistency, highest customer satisfaction and Iomega internal customer sensitivity are all customer touch points. Borden's role should result in better customer proximity inside Iomega, higher customer retention, increased sales and positive word of mouth through continuous and consistent learning.

Susan Huberman, vice president, worldwide brand marketing. A graduate of the Wharton School of Business at the University of Pennsylvania, Huberman is a former Andersen Consulting and Hewlett-Packard marketing executive with broad consumer goods and multiple H-P brand experience, including the role of director of marketing for Apollo Consumer Products, a Hewlett-Packard subsidiary.

The executive staff of Iomega also includes company veterans Reed Brown, vice president, research and development; Bill Hake, acting vice president, Americas sales; Jim Payne, vice president, Asia Pacific; Ulrike Tegtmeier, vice president, Europe; and Germaine Ward, vice president, software solutions/applications.

"We have yet to fill a couple of positions on the executive staff, but we have already assembled a talented team with broad industry experience," Heid said. "I believe Iomega will soon see the benefit of these changes in terms of improved utilization of our technological strengths, renewed emphasis on our core capabilities, and better partnership opportunities."

On October 18, Iomega's third quarter earnings release announced significant progress in the Company's broad restructuring initiatives and reorganization, as well as the relocation of the Company's headquarters from Roy, Utah, to San Diego. The Company's engineering and research and development functions will remain in Roy. Relocation of other company functions to San Diego should be completed in the next six months.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zipâ, Jazâ and PocketZipÔ drives and disks, the Peerless™ drive system, the HipZip™ digital audio player, the FotoShow™ digital image center, LifeWorks™ software, and Iomega QuikSync™ software; Iomega also markets Iomega CD-RW drives, Iomega CompactFlash™ and SmartMedia™ memory cards, DataSafe™ network attached storage servers, and the Iomega Microdrive™ miniature hard drive. Iomega's products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com.

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Iomega, Zip, Jaz, PocketZip, Peerless, DataSafe, HipZip, FotoShow, QuikSync, and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Microdrive is a trademark of IBM Corporation and is used with permission. Certain other product names, brand names and company names may be trademarks of their respective companies.