Kodak Emerges from Bankruptcy as a Smaller Company Focused on Commercial Printing
Moving forward, a slimmed-down Kodak will primarily serve the commercial print sector. The company's business will be divided into three divisions, packaging, graphic communications and printing, which utilize different facets of its printing technologies. The company will also continue to support its document imaging business.
In addition to market changes, the company will also see leadership shifts, with Perez telling the Associated Press that he expected to step down as CEO within the next year. "I love this company. I Iove what we have done," Perez said. "But now it's time."
Before he steps down into an advisory role, Perez expects to see the company's business take a turn for the better. "We are setting a trajectory for profitable growth," he said. "We have the right technology at the right time as printing markets increasingly transition to digital."