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For immediate release
January 28, 2005
KODAK UNVEILS PLANS TO CREATE NEW ORGANIZATION FOR GRAPHIC COMMUNICATIONS GROUP; JEFF JACOBSON TO BECOME COO
Rochester, NY, USA - Eastman Kodak Company's Graphic Communications
Group (GCG) today announced plans to create a new organization designed to
deliver on its commitment to present a single face to the market. To be
planned and implemented with the closing of Kodak's acquisition of Norwalk,
Conn.-based Kodak Polychrome Graphics (KPG), the new organizational
structure will consist of two operating units, a strong regional
infrastructure and integrated sales and service organizations across Kodak's
complete Graphic Communications Group solutions portfolio.
Upon completion of the KPG acquisition, integration teams will plan and
implement the new organization for Graphic Communications Group into the
following two operating units:
Graphic Solutions & Services will include three strategic product groups
(SPGs) and will be led by Jeff Jacobson, currently CEO of KPG, who will
become the Chief Operating Officer of GCG, and President of the Graphic
Solutions & Services business. The SPGs are:
- Digital Solutions - this will include Kodak's electrophotographic (EP) portfolio, its wide-format inkjet portfolio, workflow solutions, professional service, publishing services, inkjet proofing and storage.
- Prepress Solutions - this will include printing plates, film, proofing, flexo plates and supplies, approval equipment and computer-to-plate equipment.
- Global Services and Solutions - this will include Kodak's integrated service force, as well as providing outsourced service for third-party equipment.
Transaction & Industrial Solutions will be led by Nachum "Homi" Shamir,
currently CEO of Kodak Versamark and Vice President, Eastman Kodak Company.
Shamir will become President of Transaction and Industrial Solutions, which
will consist of Kodak's full line of high-speed, high-volume continuous
inkjet technology designed for applications including transaction printing,
mailing, book printing, newspapers and industrial printing, among others, as
well as Kodak's market leading document scanning technology and the
company's business process services business.
After the closing of the KPG transaction, Jacobson will be responsible for
integration of R&D, commercialization, manufacturing, product marketing and
administrative functions of Encad, NexPress and KPG into a single
organization. Jacobson will also direct all activity associated with
formation, integration, development and management of unified regional
structures to provide one sales and service organization to support all GCG
businesses.
After the closing of the KPG transaction, Shamir will lead the integration
of Kodak Versamark, the Document Imaging business of Kodak Document Products
and Services, and Business Process Services into a single operating unit.
Shamir will lead the R&D development and manufacturing of advanced inkjet
and scanning technologies for GCG; and Shamir will manage regional product
and sales specialists.
Both Jacobson and Shamir will report to James Langley, President, Graphic
Communications Group and Senior Vice President, Eastman Kodak Company.
"2004 was spent constructing the GCG solutions portfolio. Each business and
technology was carefully chosen, and I am very pleased with what we have
accomplished," said Langley. "Now we have the right products and services
and one of the strongest management teams in the graphic communications
industry. Our focus in 2005 will be integrating these businesses to drive
growth for our customers, for our shareholders and for our employees."
Functional units will operate as shared service organizations, supporting
all of Graphic Communications. These functional units will include: Chief
Technology Office, Finance, Human Resources, Marketing, Operations, Special
Projects and Strategy.
These changes reflect Kodak's commitment to serve its customers and show
the graphic communications industry the breadth and depth of the solutions
provided by the company. The new organization will focus GCG's sales,
marketing, R&D, product development and service on the key markets that will
drive Kodak's growth.
"As we integrate these businesses and create a single sales force with a
strong account management, service and support structure, customers will see
a sharper message and even better customer support, service and solutions,"
Langley said.
The organization will be planned and implemented with the closing of the KPG
transaction, which is expected in April 2005. Kodak will provide more
details on integration at that time.
About Eastman Kodak Company
Kodak is the leader in helping people take, share, print and view images -
for memories, for information, for entertainment. With sales of $13.5
billion in 2004, the company is committed to a digitally oriented growth
strategy focused on the following businesses: Health - supplying the
healthcare industry with traditional and digital image capture and output
products and services; Graphic Communications - offering on-demand color and
black and white printing, wide-format inkjet printing, high-speed,
high-volume continuous inkjet printing, as well as document scanning,
archiving and multi-vendor IT services; Digital & Film Imaging Systems -
providing consumers, professionals and cinematographers with digital and
traditional products and services; and Display & Components - which designs
and manufactures state-of-the-art organic light-emitting diode displays as
well as other specialty materials, and delivers imaging sensors to original
equipment manufacturers. More information about Kodak (NYSE: EK) is
available at www.kodak.com.
For further information please contact:
Beth Hogan Scott
Kodak Polychrome Graphics
Director of Corporate and Worldwide Marketing Communications
Norwalk, CT
203/845-7115 (phone) 203/845-7173 (fax)
Michael Doebler
Eric Mower and Associates Public Relations Services
585/389-1868 (phone) 585/385-2003 (fax)
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