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Kodak Announces Planned Retirement of CFO

Tuesday, January 31, 2006

Press release from the issuing company

ROCHESTER, N.Y.--Jan. 30, 2006-- Eastman Kodak Company today announced that Robert H. Brust, Kodak's Chief Financial Officer and Executive Vice President, plans to retire from the company when his employment contract expires at the end of January 2007. The company also announced that it has retained Heidrick & Struggles to conduct a search for a new CFO. The search will include internal and external candidates, and is being launched now to provide for a seamless transition in the management of Kodak's financial operations. "It is an honor to work with Bob, and I am enormously thankful for his many contributions, among them Kodak's continued strong cash performance," said Antonio M. Perez, Kodak's Chairman and Chief Executive Officer. "Bob is a tremendous asset to the company and to me personally as Kodak continues its digital transformation. I am pleased that he will be personally involved in identifying our next CFO and in ensuring that the financial management of Kodak remains strong, while continuing to provide his strong financial leadership." Brust joined Kodak in 2000 from Unisys Corporation, following a 31-year career at General Electric Co. "I am pleased with the progress of Kodak's digital transformation, and I feel that now is the right time to begin a more active search for a successor," Brust said. "Moving now gives us a full year to find and groom a successor. While the company has a number of qualified internal candidates, it is also important to look outside the company to ensure that we have considered a broad range of talent before making a final selection."




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