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Kodak Versamark Realigns R & D Organization

Press release from the issuing company

DAYTON, OH--Jan 28, 2004 -- Kodak Versamark, Inc., a wholly owned subsidiary of Eastman Kodak Company, today announced an important realignment within its manufacturing and engineering operations and several executive-level management appointments. All appointments are effective as of January 12, 2004. Under the new organization, the research and development group reports directly to Nachum "Homi" Shamir, president of Kodak Versamark and vice president of Eastman Kodak Company. Named to the position of Vice President, Research and Development, is Randy Vandagriff, a 22-year veteran of the company and holder of multiple patents in continuous inkjet technology. Also named to key roles within the new organization are Mike Piatt, chief scientist, and Ed Brown, director of R&D Project Management. In other executive-level appointments, Itzhak Savariego, chief operating officer for the company's European region, assumes additional responsibilities for Asia-Pacific/Japan operations as managing director for these regions, and Keith Satterfield, formerly director of management information services, is chief information officer. Savariego, Satterfield and Patty Izor, controller for the company, join the general management team reporting to Shamir. Commenting on the appointments, Shamir emphasized the importance of core technology and the global operations of the company. "I am pleased to announce the realignment of the new Research and Development group that will provide a greater degree of visibility and focus to our technology and especially our highly experienced and dedicated engineers, scientists and technicians. I am confident that Randy will continue to advance our technology research and development into new frontiers of digital printing as well as to explore synergies and product opportunities of stream technology developed by our new parent. I am pleased to welcome Randy to my staff and excited for everyone in his organization. "I am also pleased to welcome Itzhak, Keith and Patty to my general management team," Shamir continued. "These individuals, highly expert in their respective disciplines, will provide leadership and cohesiveness in guiding our rapidly growing international business." Kodak Versamark, Inc., the new name of the company after the asset sale of Scitex Digital Printing, Inc. to Kodak earlier this month, joins the Commercial Printing group of Eastman Kodak Company. Kodak Versamark is the world leader in ultra-high-speed digital printing solutions for applications ranging from addressing, personalization and variable messaging, to direct mail and bill and statement printing.