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Mon, December 29, 2008Fri, December 26, 2008Wed, December 24, 2008Tue, December 23, 2008Mon, December 22, 2008Fri, December 19, 2008Thu, December 18, 2008Wed, December 17, 2008Tue, December 16, 2008Mon, December 15, 2008Kodak Announces Ruiz Will Not Seek Re-election to Board of Directors
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Published in House and Home on Thursday, December 18th 2008 at 13:35 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
ROCHESTER, N.Y.--([ BUSINESS WIRE ])--Eastman Kodak Company (NYSE:EK) today announced that Hector de J. Ruiz, PhD., has decided not to stand for re-election to its Board of Directors in 2009 because of time and travel commitments associated with his new position as chairman of The Foundry Company.
Dr. Ruiz is presently executive chairman of Advanced Micro Devices, Inc. and chairman of the company's board of directors. In October, AMD and the Advanced Technology Investment Company of Abu Dhabi announced the intention to create a new global enterprise, The Foundry Company, to address the growing global demand for independent, leading-edge semiconductor manufacturing. Upon the closing of the transaction, Dr. Ruiz will become chairman of The Foundry Company, relinquishing his roles at AMD.
Dr. Ruiz, 62, will continue to serve as a Director of Kodak until the company's 2009 annual meeting of shareholders, typically held in May. He informed the company of his decision on Dec. 12.
"Hector has made considerable contributions to the digital transformation of this company," said Antonio M. Perez, Kodak's Chairman and Chief Executive Officer. "He has brought to Kodak his deep knowledge of digital markets and technology evolution. We thank him for his exceptional service, and we look forward to continuing to benefit from his knowledge during the remainder of his term."
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