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Kodak's Faraci Named President, Chief Operating Officer

Today’s announcement represents one of the final steps in the company’s four-year long restructuring, which will conclude this year.

“We will enter 2008 with the company that I came here to run,” Perez said. “We now have in place the right management, the right structure, the right products and, most importantly, the right people for Kodak to generate sustained profits in digital markets. Together, we look forward to delivering on the promise of the Kodak brand for the benefit of our shareholders and employees.”