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Kodak Names Tech Vet Jeffrey Clarke New CEO

Eastman Kodak (NYSE:KODK) named private equity and tech veteran Jeffrey J. Clarke chief executive officer and a member of its board of directors, the business imaging company said Wednesday.Prior to joining Kodak, Clarke was a managing partner of Augusta Columbia Capital, a  private investment firm focused on middle market technology businesses that he co-founded in 2012, according to a statement released by Kodak.Before that he was chairman of Travelport, a private travel technology firm, where he served as CEO from 2006-2011, after leading its sale from Cendant Corporation to the Blackstone  Group (NYSE:BX) for $4.3 billion in 2006. During his tenure, Travelport successfully launched an IPO for its Orbitz business.Reuters reported that Clarke will receive a base salary of $1 million and a grant of $3 million in  restricted stock units on the day he starts his new job.Clarke, 52, was also the chief operating officer of CA Inc., an enterprise software company, from 2004-2006, and an ex...

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