Kodak Reorganization Company appoints new CEO to transform Business-to-business Company

September 2013, Kodak out of bankruptcy protection, has become one of the most successful corporate restructuring cases in recent years. Tencent Technology Co., Ltd. March 13 compiled Eastman Kodak appointed senior executives of Enterprise technology Jeffer Clark (Jeff Clarke) as CEO, and asked him to lead the company into a "global business-to-business technology leader." Kodak, which recently broke away from bankruptcy protection, restructured the company and diverted its debt, now wants to use its intellectual property to engage in business printing, packaging and services. The new Kodak facing the enterprise market will be faced with rivals including the league, HP, Canon and Xerox. Clark, a well-known executive in the field of Business-to-business technology, was an executive partner of Augusta Columbia Capital, a private equity firm before joining Kodak, and began investing in technology companies. He also served as chairman of the Travel Technology Service, Travelport, who had been CEO from 2006 to 2011, before selling it to Cendant. Clark also served as chief operating officer of the CA from 2004 to 2006 and was the executive vice president of HP from 2002 to 2003. Clark was a key figure in HP's takeover of Compaq, when he served as Compaq's chief financial officer. For Kodak, Clark can bring some corporate elements, customer resources, and a certain degree of visibility. Mr Clarke said he would first listen to advice and then develop the company's next steps. Before Kodak filed for bankruptcy protection, the company's annual revenue fell from $9.42 billion trillion in 2008 to $4.11 billion in 2012. 2013 years ago nine months, Kodak on the basis of 1.74 billion U.S. dollars revenue to achieve a net profit of 2 billion dollars, reflecting the effect of corporate bankruptcy reorganization. Kodak was out of bankruptcy protection in September 2013 and was again listed on the New York Stock Exchange in October. In a statement, Mr Clarke said: "The company faces extraordinary opportunities, particularly its own technology that creates opportunities in business printing, packaging and functional printing." Kodak has made obvious progress, has become one of the most successful corporate restructuring in recent years. I look forward to continuing this work and transforming Kodak into a global business-to-business technology leader. "The biggest challenge for Kodak will be to convince corporate clients to invest in the company after a 20-month restructuring." Clark's corporate experience will undoubtedly help to meet the challenges, but Kodak must prove its worth in this field. Clark's basic annual salary is $1 million trillion, with a limited stock of $3 million worth, plus an incentive plan.