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Eastman Kodak Names 'Jeff Clarke' New CEO, Board of Directors Member

Mar 12, 2014 12:57 PM EDT | By Justin Stock

Jeff Clarke is Eastman Kodak's new CEO and latest addition to its Board of Directors the company announced in a press release Wednesday.

Clarke replace Antonio Perez who assisted Kodak in its past reorganization.

"I thank Antonio Perez for his excellent leadership of Kodak through its complex and successful restructuring, and for solidifying our relationships with our valued customers since that time," James Continenza chairman of Eastman Kodak's board of directors said in a statement.

"Jeff is the right person to lead Kodak forward. His combination of strengths and experience in technology, transformation, finance, operations, and international business is precisely what we set out to find in the next leader of Kodak," "His past leadership positions have included businesses selling hardware, software and services, and printing -- with B2B customers as well as consumers," Continenza said in the statement.

"The Board evaluated many highly qualified and talented people during the search, but it was clear to all of us that Jeff was the one we wanted. We feel extremely confident about Kodak's prospects with Jeff at the helm," Continenza said in the statement.

Clarke served as a managing partner at Augusta Columbia Capital among other positions and is eager to begin his new position with Eastman Kodak.

"I have enormous respect for the people of Kodak, and I am excited to join them in moving the company forward to new successes," Clarke said in a statement.

"This enterprise has some extraordinary opportunities, especially those presented by the company's proprietary technology in commercial printing, packaging and functional printing. Kodak has made excellent progress, building on one of the most successful reorganizations in recent years, and I look forward to continuing the work underway in transforming Kodak into a global B2B technology leader," Clarke said in the statement.

Clarke intends to get to know his fellow employees, and work effectively with them.

"My first priority is to spend my time listening to Kodak's employees, customers, partners and other stakeholders as part of a detailed evaluation of our operations, market opportunities and approach for success. Once that work is complete, I look forward to sharing our conclusions," Clarke said in the statement.

Clarke still plans to be Chairman of travel website Orbitz Worldwide, which he has been a part of dating back to 2007, and a board of director member of computer program companies Red Hat, Inc and Compuware Corporation.

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