Eastman Kodak has a new leader. The photography and film pioneer, which emerged from bankruptcy in September, has elected Orbitz chairman Jeffrey Clarke (right) as its new CEO. He was also elected as a member of the board of directors.
Clarke takes over from Antonio Perez, who will remain as a special adviser to its board. Perez, 68, had served as CEO since 2005.
Clarke will continue as chairman of online travel company Orbitz Worldwide. He will also continue to serve as a board member of the enterprise software companies, Red Hat and Compuware Corporation. The 52-year-old Clarke is the co-founder of private investment firm Augusta Columbia Capital and served as a managing partner there.
Shares of Kodak fell .01 percent Wednesday and are down 22 percent so far this year.
Total returns through March 12
Source: FactSet Associated Press
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.