ROCHESTER, N.Y. (November 12, 2008) Eastman Kodak Company today promoted Terry R. Taber to the position of Chief Technical Officer, effective Jan. 1, 2009, succeeding William J. Lloyd, who will retire following a career spanning more than 40 years as a leading technologist.

Taber, who joined Kodak in 1980, is currently the Chief Operating Officer of Kodak's Image Sensor Solutions (ISS) business, a leading developer of advanced CCD and CMOS sensors serving imaging and industrial markets. Prior to joining ISS almost two years ago, Taber, 54, held a series of senior positions in Kodak's research and development and product organizations. As Chief Technical Officer, Taber will report to Kodak Chairman and Chief Executive Officer Antonio M. Perez.

"Terry Taber knows technology and, more importantly, how to commercialize technology," Perez said. "As someone highly knowledgeable in both digital and film-based technologies, he understands the intersection of imaging science and materials science that is at the heart of Kodak's business strategy. I am delighted to promote Terry to this position, and I am excited by the contributions that Terry and our exceptional R&D community will make to the future of Kodak."

Lloyd, 69, is a senior vice president of the company. He joined Kodak in June 2003 as the director of the Inkjet Systems Program and became the CTO in February 2005. Prior to Kodak, Lloyd was president of a consulting firm, Inwit Inc., and served as Executive Vice President and Chief Technology Officer of Gemplus International, a leading maker of Smart Cards. He has also served as Co-Chief Executive Officer of Phogenix Imaging. Before joining Phogenix, Lloyd spent 31 years at Hewlett-Packard Company, rising to the position of Vice President and Chief Technology Officer of the Inkjet Products Group.

"Bill Lloyd is a renowned technologist whose accomplishments include helping to create the consumer inkjet printing industry, and then revolutionizing it here at Kodak," Perez said. "He has been a source of wise counsel to me throughout my career, and I will miss him professionally and personally. On behalf of Kodak, I wish Bill the very best in his well-earned retirement."

During his 28 years at Kodak, Taber has been involved in new materials research, product development and commercialization, manufacturing, and executive positions in R&D and business management.

Taber's early responsibilities included research on new synthetic materials, an area in which he holds several patents. He then became a program manager for several film products before completing the Sloan Fellows program at the Massachusetts Institute of Technology. He returned from MIT to become the worldwide consumer film business product manager from 1999 to 2002, and then became an Associate Director of R&D from 2002 to 2005, followed by a position as the director of Materials & Media R&D from 2005 to 2007.

Taber received his B.S. degree in Chemistry from Purdue University in 1976 and his Ph.D. in Organic Chemistry from the California Institute of Technology in 1980. In addition, he received an M.S. in General Management from MIT as a Kodak Sloan Fellow. In 2003, he was elected to the Board of Trustees at Roberts Wesleyan College and Northeastern Seminary.