Kodak Realigns Management as Bankruptcy Progresses

(Chairman and CEO Antonio) Perez explained the current management structure was right for when the company focused on stabilizing its businesses and strategy development. “But now we…need to focus our top leaders on our key tasks, personal accountability and accomplishing our plan. We must also continue to reduce the company's cost structure by identifying opportunities to flatten the organization.”

The company is organizing its business lines into three operating groups: Digital Printing and Enterprise Group, led by Kodak president Philip Faraci; Graphics, Entertainment and Commercial Films Group, led by Brad Kruchten, senior vice president; and Consumer Group, which is to be