Sharper Focus -- Troubled Kodak Creates a New Business Structure

Summary

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ROCHESTER, N.Y. - Eastman Kodak Co. said Tuesday it has realigned and simplified its business structure in an effort to cut costs, create shareholder value and accelerate its long-drawn-out digital transformation.

The 132-year-old photography icon has been pummeled by consumers' switch to digital. Its fortunes deteriorated further last year, and it said in November that it could run out of cash in a year if it couldn't sell a trove of 1,100 digital-imaging patents.

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Sharper Focus -- Troubled Kodak Creates a New Business Structure

Since the start of the year, Kodak said it now has two business units instead of three. The commercial and consumer segments will report to a new chief operating office led by pres...

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