Kodak appoints Antonio Perez President, Chief Operating Officer

Perez will oversee the day-to-day operations of the following businesses and other units at Kodak: Consumer Imaging, Kodak Professional, Digital & Applied Imaging, Entertainment Imaging, Commercial Imaging Group, Global Manufacturing & Logistics, Chief Marketing Office, Research & Development, and worldwide geographic regions. His responsibilities include improving operating performance, while serving as the CEO’s strategic partner and driving Kodak’s growth effort, with an emphasis on generating the increased printing of pictures as the company moves to claim a larger share of the $385 billion infoimaging market.

Perez, 57, brings to Kodak more than twenty-five years of global experience in the information technology, printing and consumer electronics industries, largely with Hewlett-Packard Company, where he served as memebr of the Executive Council and President of the company‘s Consumer Business and Digital Media Solutions, one of HP’s major growth areas. The unit reached $16 billion in revenue under his leadership. Before, Perez managed HP’s inkjet imaging business between 1995 and 1999, during which time the installed base of inkjet printers grew to 100 million from 17 million and revenue grew to more than $10 billion through continuous improvement of the business model and the creation of new printing categories. Under his leadership of the inkjet business, HP applied thermal inkjet technology to large-format printers for the first time.

After his retirement from HP, Perez served as President and CEO of Gemplus International between June 2000 and December 2001. During this period, he took the company public while growing revenues by 70% in the first fiscal year.

“Antonio is a seasoned business leader who is a world-class expert on output, or the printing of images,” Carp said. “His significant experience with all aspects of digital printing will help us accelerate Kodak’s output opportunities in digital and traditional markets. Our goal is to have Kodak products, technologies and services present wherever people and businesses print images.”

Kodak also announced that Martin M. Coyne II, Executive Vice President and Group Executive of the company’s Photography Group, will retire from the company.

“Marty Coyne made a number of significant contributions during his 16-year career at Kodak, including growing our Health Imaging business to be our second largest business, leading the successful digital conversion of our commercial imaging businesses and tightening the integration of our Photography Group,” Carp said. “We thank him for those contributions, and wish him well in his retirement.”

Reporting to Perez will be: Daniel P. Palumbo, President of Consumer Imaging products and services; Karen A. Smith-Pilkington, President of Kodak Professional products and services; Willy C. Shih, President of Digital & Applied Imaging products and services; Eric G. Rodli, President of Entertainment Imaging products and services; Carl A. Marchetto, President of Commercial Imaging; Charles S. Brown, Jr., Director of Global Manufacturing & Logistics; James C. Stoffel, in his capacity as Director of Research & Development; and Carl E. Gustin, Jr., Chief Marketing Officer.

In addition, Henri D. Petit, Chairman and President of Kodak’s Greater Asia Region (GAR), will continue in that role and will also be responsible for the worldwide regional infrastructure and will report to Perez.