Kodak plans exit from Ch11

Kodak is preparing itself to exit the chapter 11 process, having taken the opportunity to reorganise its debts and to restructure the company into a much leaner organisation. There’s a confirmation hearing scheduled for 20th August with Kodak expecting to emerge from chapter 11 later in the third quarter this year.
The company has already said that most of the current management team will continue in post, including CEO Antonio Perez, who will serve as CEO for one year and remaining with the company for up to two more years as a consultant once Kodak exits chapter 11.
Meanwhile, Kodak will be relocating its European offices to a brand-new, state-of-the-art building in Eysins, Switzerland. This will also house its inkjet demo facilities, currently based in Belgium.

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