Getting your Trinity Audio player ready...
Eastman Kodak Co. replaced the head of its consumer business, the company’s largest, on Thursday as Chairman George Fisher began an overhaul designed to boost profits at the struggling photography company.
Kodak said senior vice president David Biehn, 54, will retire early next year, making him the last of the top three officials of the consumer unit to depart recently.
Biehn will be replaced Oct. 13 by Robert Keegan, 50, who now runs Kodak’s professional unit.
The move comes a week after Kodak said that it will trim management by about 20 percent and consolidate assembly plants as Fisher responds to the deepest crisis in his four-year tenure.
Kodak’s U.S. market share is shrinking and its losses from digital imaging are widening.
