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Eastman Kodak names new CEO

By MIKE DICKINSON - 3/12/2014 10:33:06 AM

Eastman Kodak Co. this morning named its new CEO.

The board of directors has elected Jeffrey Clarke as chief executive and a member of the board.

Prior to joining Kodak, Clarke was a managing partner of Augusta Columbia Capital, a private investment firm focused on middle-market technology and technology-enabled businesses. He co-founded the firm in 2012.

He previously was chairman of Travelport Inc., a private travel technology firm, where he served as CEO from 2006 to 2011, after leading its sale from Cendant Corp. to the Blackstone Group for $4.3 billion in 2006. Clarke successfully launched an initial public offering for Travelport’s Orbitz business. He remains chairman of Orbitz Worldwide.

Clarke also served as the chief operating officer of technology firm CA Inc. from 2004 to 2006 and was an executive vice president at Hewlett Packard Co. from 2002 to 2003. His work experience includes companies such as Compaq Computer Corp. and Digital Equipment Corp.

“Jeff is the right person to lead Kodak forward,” said James Continenza, Kodak chairman, in a statement. “His combination of strengths and experience in technology, transformation, finance, operations and international business is precisely what we set out to find in the next leader of Kodak.”

Clarke’s predecessor as CEO, Antonio Perez, is now special adviser to the board of directors.

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