Kodak Names Antonio Perez as President, Chief Operating Officer

Thursday, April 03, 2003

ROCHESTER, N.Y.---April 2, 2003--Eastman Kodak Company announced that Antonio M. Perez has joined the company as President and Chief Operating Officer, reporting to Chairman and Chief Executive Officer Daniel A. Carp. His appointment is effective immediately. 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. His achievements include the following: * As President of HP's Consumer Business and Digital Media Solutions, Perez led one of HP's major growth areas - digital imaging and e-publishing. The unit reached $16 billion in revenue under his leadership. * 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. Perez expanded thermal inkjet to printing categories new to HP, such as all-in-one products, fax machines, color copiers and photo printers. He also led HP's entry into the digital camera market. * 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. "He joins Kodak as we pursue a larger share of the $385 billion market opportunity known as infoimaging," Carp said. "Antonio will help Kodak further those efforts with his exceptional operational abilities, his passion for building businesses in competitive markets, his knowledge of the industry and strategic vision."