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Kodak streamlines corporate structure

Eastman Kodak Co. today outlined a streamlined corporate structure that includes two new executive vice presidents and a new head of its Health Imaging business.
Kodak, which saw its stock plummet after a difficult third-quarter, plans to simplify its organization by consolidating its seven business units into two groups: Consumer Business and Commercial Business.
“As the picture industry embraces the digital age, Kodak’s new structure will help the company grab a bigger share of a market that is far larger than traditional photography,” said Daniel Carp, president and CEO. “Kodak will streamline its operations, speed its decision-making and deliver customers more products and better services.”
Carp will lead the Consumer Business Group. The group will include Consumer Imaging and Digital and Applied Imaging. The Commercial Business Group will include Health Imaging, Kodak Professional, Document Imaging, Entertainment Imaging and Global Customer Service and Support.
Martin Coyne II, previously president of Kodak’s successful Health Imaging unit, will become president of the Commercial Business Group. He was also elected an executive vice president of Kodak.
The new organization reduced the number of executives reporting directly to Carp from 15 to 9.
“By combining the current business into two groups, we can take advantage of the strengths of each,” Carp said. “This structure will allow me, as the CEO, to devote more time to pursuing growth opportunities while our most talented executives deliver on our promise to bring better Kodak products and services to our customers.”
The board also elected Michael Morley, director of human services and senior vice president, as an executive vice president. Morley was named chief administrative officer.
Michael McQuade was named president of Health Imaging, succeeding Coyne. He also was elected senior vice president. McQuade previously was general manager, worldwide operations, Health Imaging.
The company also said it plans to intensify its focus on New Business activities aimed at generating sales from Kodak’s research labs and external venture capital investments.
The New Business activities will be jointly led by James Stoffel, chief technical officer and director of research & development, and Ted Lewis, recently hired to serve as senior vice president of Kodak’s Digital Business Development.
The first new business will be Kodak Display business unit, which will leverage the company’s patented flat-panel display technology known as organic light-emitting diodes.
Kodak also has hired Les Polgar, a semiconductor industry executive, to lead the California-based Kodak Display.

Kodak streamlines corporate structure

Eastman Kodak Co. today outlined a streamlined corporate structure that includes two new executive vice presidents and a new head of its Health Imaging business. Kodak, which saw its stock plummet after a difficult third-quarter, plans to simplify its organization by consolidating its seven business units into two groups: Consumer Business and Commercial Business.

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