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Kodak: Eric Steenburgh Announces Retirement

Press release from the issuing company

ROCHESTER, N.Y.--Nov. 14, 2001--Eastman Kodak Company announced today that Eric L. Steenburgh, Executive Vice President of Global Operations, has announced his intention to retire. Steenburgh, 60, joined Kodak in April 1998 as Executive Vice President and Assistant Chief Operating Officer, reporting to Daniel A. Carp, who was then President and Chief Operating Officer. He was elected to his current position in January 2000. "Over the past three years, Eric has provided exceptional leadership in guiding our global operations through some of the most challenging times in our company's history,'' said Daniel Carp, Chairman and Chief Executive Officer. "His expertise in manufacturing, supply chain management, inventory control, and a broad range of operational issues has prepared us well for distributing these functions throughout our newly realigned business units and groups. "Eric played a key role in helping to drive the changes we are announcing today,'' Carp added. Prior to joining Kodak, Steenburgh was President of the Industrial Pump Group Worldwide at ITT Fluid Technology Corporation, a part of ITT Industries. He joined Goulds Pumps in September 1995 as president of the Industrial Products Group. In this position, he was responsible for operation and financial profitability of all aspects of the Industrial Pump Group Worldwide. Before joining Goulds, Steenburgh was employed at Ricoh Corporation in 1992 as their president and chief operation officer responsible for all Ricoh Company Ltd. business in North and South America. Steenburgh spent 27 years of his career with Xerox Corporation and held several senior management positions in manufacturing, indirect marketing channels, high-volume products and product marketing. He was also involved in that company's winning of the Malcolm Baldridge National Quality Award. "Obviously, the changes we're announcing today eliminate the need for a single person running operations,'' Steenburgh said. "It's time for me to retire, and I do so confident that the new model we're putting in place is the right way to manage this company in the increasingly competitive environment we face.''

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