Eastman Kodak, the venerable but struggling photography company, announced Tuesday that it has streamlined its corporate structure as part of the ongoing effort to evolve from film to digital according to CNN.
The move comes amid speculation that the company, which once was a component of the Dow Jones industrial average, is near a bankruptcy filing, and as a result its stock price soared.
Kodak said the company is now structured into two divisions, the commercial segment and the consumer segment, as of Jan. 1. These segments will report to the newly created chief operating office, which is led by Philip Faraci and Laura Quatela…..
http://money.cnn.com/2012/01/10/news/companies/kodak/index.htm?iid=SF_BN_River
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