John N. McMullen has been named executive vice president and chief financial officer of Kodak, effective June 15, 2014. The board of directors has elected McMullen a corporate officer of Kodak, and he will become a member of the company’s executive council. McMullen will report to Kodak chief executive officer Jeff Clarke.
He succeeds Rebecca A. Roof who has, since September 2012, served as Kodak’s interim CFO while remaining a managing director of AlixPartners, which advised the company during its complex and successful Chapter 11 reorganization.
McMullen held a series of senior financial roles during a 32-year career with HP and predecessor companies, Compaq Computer and Digital Equipment Corporation. His positions included senior vice president of Finance and corporate treasurer of HP, chief financial officer of HP’s Imaging and Printing Group, vice president of Finance and Strategy for Compaq’s Worldwide Sales and Services Group, Compaq’s director of Investor Relations, and controller of DEC’s Worldwide Products Division.
McMullen will be responsible for Kodak’s financial strategy and all functions within Kodak’s Finance organization.
“John is an accomplished executive, recognized for his substantial financial and strategic expertise and deep knowledge of the commercial imaging and printing industries,” said Clarke. “He joins Kodak at an exciting time when we are cultivating many growth opportunities from across our worldwide product portfolio, while leveraging our strengths, such as our balance sheet, technology and brand. Having worked for many years with John in dynamic and complex situations, I know how effective he is at cutting through challenges and achieving excellent outcomes — and doing so at high speed.”
Previously on abfjournal: Reuters: Kodak Bankruptcy Advisers Will Likely Receive $240MM, November 15, 2013