Jeffrey J. Clarke, 52, is managing partner of Augusta Columbia Capital, a New York investment firm specializing in technology companies. Prior to that, he was chairman of Travelport Inc., a travel technology firm.
Clarke is a State University College at Geneseo graduate with a bachelor's degree in economics.
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In a statement, Kodak board Chairman James V. Continenza said, "Jeff is the right person to lead Kodak forward. His combination of strengths and experience in technology, transformation, finance, operations, and international business is precisely what we set out to find in the next leader of Kodak. His past leadership positions have included businesses selling hardware, software and services, and printing — with B2B customers as well as consumers."
Clarke's hiring ends the tumultuous tenure of CEO Antonio M. Perez, who has headed the iconic Rochester company since 2005. Under Perez's tenure, Kodak shed numerous businesses and legions of employees and went through a Chapter 11 bankruptcy as part of the company's efforts to reinvent itself from its traditional, film and photography roots. Under Perez, Kodak has now positioned itself as a printing technology company, specializing in inkjet and packaging printing and in using printing-related processes for manufacturing such products as touchscreen thin films.
Perez announced in July that he would leave Kodak within a year.
In a statement, Clarke said Kodak "has some extraordinary opportunities, especially those presented by the company's proprietary technology in commercial printing, packaging and functional printing. Kodak has made excellent progress, building on one of the most successful reorganizations in recent years, and I look forward to continuing the work underway in transforming Kodak into a global B2B technology leader.
"My first priority is to spend my time listening to Kodak's employees, customers, partners a! nd other stakeholders as part of a detailed evaluation of our operations, market opportunities and approach for success. Once that work is complete, I look forward to sharing our conclusions."
According to paperwork filed with the U.S. Securities and Exchange Commission, Clarke was hired with an annual base salary of $1 million. He also received $3 million in restricted stock and $1 million in stock options. And he is eligible for bonuses under the company's Executive Compensation for Excellence and Leadership Plan.
Daneman also reports for the Rochester (N.Y.) Democrat and Chronicle
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