Daily News: June 28, 2013

Kodak President to Leave Consumer Segment Post-Spin Off

Laura G. Quatela, Kodak president and president of Personalized Imaging (PI), announced her intention to leave Kodak’s consumer segment after the completion of the spin-off of the PI and Document Imaging (DI) businesses to Kodak Pension Plan, the pension plan for U.K. employees.

“To help accomplish Kodak’s objectives in its Chapter 11 restructuring, we asked Kodak president Laura Quatela to serve as the business leader responsible for the sale of non-strategic assets and to directly manage the consumer businesses until their transfer to new ownership. Now that this work is nearly complete, Laura is considering what her next challenge will be, while wanting to provide the future owner, KPP, the opportunity to select the senior executive who will carry the Personalized Imaging and Document Imaging businesses forward,” Antonio M. Perez, Kodak chairman and chief executive officer, said in a memo to employees.

“Laura will continue to manage the Personalized Imaging business and transaction-related issues through the ownership transition, currently targeted for September.”

To read the entire Kodak news release, click here.

Previously on abfjournal: Kodak Gets Court OK to Arrange New Exit Financing, June 26, 2013