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Kodak Names Rajkowski COO of Digital & Applied Imaging Unit

Press release from the issuing company

ROCHESTER, N.Y.--Jan. 28, 2003--Eastman Kodak Company said today that E. Mark Rajkowski has been named Chief Operating Officer of its Digital & Applied Imaging division, responsible for the day-to-day operations of the company's fastest-growing business. Kodak also said that Philip Gerskovich has been appointed Chief Strategist of D&AI and General Manager of the division's Software & Digital Services business, with responsibility for developing new consumer products and services. Both Rajkowski and Gerskovich, the division's previous COO, will report to Willy Shih, President of D&AI and a Senior Vice President of the company. The appointments take effect on Feb. 3. Rajkowski, 44, currently serves as Kodak's Vice President of Finance, responsible for the day-to-day financial operating functions of all the company's business units as well as Corporate Financial Planning & Analysis. In this capacity, he was instrumental in developing the company's business model, which is centered on strategic product groups, and he currently monitors the operating performance of all company businesses. A corporate Vice President, Rajkowski previously reported to Chief Financial Officer Robert Brust, who will assume the duties of Vice President of Finance. "Mark's arrival at D&AI signals Kodak's commitment to devote more operational talent to the strategic imperative of accelerating profitable growth in our consumer digital businesses," Shih said. "We are increasing our long-term investment in our flagship EasyShare line of digital cameras and, with Mark's addition, we are bolstering the management infrastructure to support this effort. "This move also frees Phil Gerskovich to devote his considerable knowledge of the digital world to developing the new products and services that will be essential to driving profitable growth," Shih said. "Phil was the architect of Kodak's participation in an industry-wide effort to create a network and directory of digital photo services among equipment and software manufacturers, retailers and consumers. As Chief Strategist and GM of the Software & Digital Services business, Phil will work with other D&AI business leaders to extend Kodak's leadership in the market for digital cameras, inkjet paper and other digital products." Rajkowski joined Kodak in July 1998 as Controller. In May of 2001, he was elected Vice President of Finance. He joined Kodak from PricewaterhouseCoopers LLP, where he was the Upstate New York Technology Group Managing Partner and an Audit and Business Advisory Services Partner. In this capacity, he worked closely with Kodak and a number of other technology clients. Rajkowski is a member of a number of professional associations, including the American Institute of Certified Public Accountants and the Financial Executives Institute. A native of New Jersey, he is a graduate of Lehigh University. Gerskovich, 46, joined Kodak in January 1999 as COO of Digital & Applied Imaging. A corporate vice president, he joined the company from Data General, where he was formerly vice president of the company's Thinline Business Unit. Before Data General, Gerskovich was director of Product Marketing for Dell Computer's Advanced Systems organization, where he led the planning and development of the company's line of servers. Prior to that, he was with IBM, responsible for the worldwide marketing and sales of PowerPC and OEM software and technology. A board member of the International Imaging Industry Association, Gerskovich holds a Bachelor of Science Degree in Computer Engineering from the University of Illinois.