Kodak to Realign Units to Boost Profit

Eastman Kodak Co. announced plans to realign its businesses to reduce expenses, increase efficiency and accountability as it struggles with falling sales and profit.

Kodak will be managed as three product groups: photography, commercial imaging and components. Management of the health-imaging and entertainment-imaging businesses will remain unchanged and will be run as stand-alone units, Kodak said.

The company’s latest restructuring is a result of a six-month review of Kodak by Chief Operating Officer Patricia Russo, who joined Kodak in April.

Shares of Rochester, N.Y.-based Kodak rose 82 cents to $27.28 on the NYSE.