Eastman Kodak Reorganizes Again
From Associated Press
Grappling with the rapid rise of digital photography, Eastman Kodak Co. unveiled another reorganization aimed at cutting costs and accelerating growth in both consumer and commercial imaging.
Kodak hired Hewlett-Packard Co. veteran James Langley to run commercial printing operations.
Bernard Masson, president of the Kodak Display Group, will head a new division that will oversee digital and applied imaging, entertainment imaging and consumer and professional imaging.
The consumer and professional photography businesses, which account for about 60% of Kodak’s annual sales of $12.8 billion, were consolidated last month.
Kodak shares rose 31 cents to $28.54 on the NYSE.
