named its president and chief executive, Daniel Carp, to an added chairman post.
Carp, 52, replaces George Fisher, who will retire at the end of the year. Carp, who succeeded Fisher as CEO on Jan. 1, joined Kodak in 1970.
Fisher, 59, was hailed as a savior and pro-growth visionary when he took charge of Kodak in 1993. But he was forced to cut about 20,000 jobs to counter competition from Japanese rival Fuji Photo Film. He also pushed the company into digital imaging. Fisher stepped down as CEO in June 1999, promising to remain for one more year as chairman.
The Rochester, N.Y., photography giant also named Hector de J. Ruiz to its board. Ruiz is president and chief operating officer of
Advanced Micro Devices
Shares of Kodak were recently down 19 cents, or 0.48%, to $39.25 on the
New York Stock Exchange