Daily News: August 1, 2013

Kodak Names Management for Post-Emergence

Kodak outlined its post-emergence executive leadership in supplemental filings to its Plan of Reorganization. The company said this team will ensure continuity in Kodak’s leadership and has the expertise to continue the implementation of the company’s business transformation, which focuses on imaging innovation for business.

The new equity investors have confirmed their acceptance of this management team, which is a condition to Kodak’s emergence equity plan.

In its filings, the company named the following senior corporate and business unit executives:

Antonio M. Perez will continue as CEO post-emergence for one year or until the board of directors elects his successor, whichever comes first. He has agreed to serve the company in a consulting capacity for up to another two years following the initial one-year term.

Douglas J. Edwards will remain in his role as president of Digital Printing and Enterprise. He was named to the post in September 2012, and elected a SVP in October 2012.

Brad W. Kruchten will continue to serve as president, Graphics, Entertainment & Commercial Films, which includes Prepress, Entertainment Imaging, Commercial Film and Global Consumables Manufacturing, a position he has held since 2011.

Terry R. Taber, who will continue in his current post as Chief Technical Officer, a position he has held since 2009.

Eric H. Samuels will serve as controller. He was appointed corporate controller and chief accounting officer in July 2009.

Patrick M. Sheller, who will serve as the general counsel, secretary and chief administrative officer, positions he has held since 2012.

Additionally, Jim Mesterharm will continue as chief restructuring officer and Becky Roof will continue as interim chief financial officer, under the company’s agreement with AlixPartners. The duration of the company’s agreement with AlixPartners will be determined by the post-emergence board.

To read the entire Kodak news release, click here.

Previously on abfjournal: Kodak Receives More Time to Solicit Creditor Chapter 11 Plan Votes, July 22, 2013