Organizational Shift at Kodak Sees Faraci's Departure

ROCHESTER, NY—Eastman Kodak President Philip Faraci has stepped down amid a number of personnel changes taking place within the bankrupt firm. Antonio Perez, chairman and CEO of Kodak, said the changes and expanded cost structure reductions reflect Kodak’s strategic focus on the Commercial, Packaging & Functional Printing Solutions and Enterprise Services business, and the sales processes of its Personalized Imaging and Document Imaging businesses.