WEB EXTRA: Conboy On Kodak Board of Directors

WEB EXTRA: Conboy On Kodak Board of Directors

Kodak announced on Wednesday the group of men who will make up its Board of Directors after the company emerges from bankruptcy.
Kodak announced Wednesday morning the group of men who will make up its Board of Directors after the company emerges from bankruptcy.

The eight men are Mark Burgess (Chairman of the Clondalkin Group), James Continenza (President of STi Prepaid), George Karfunkel (Chairman of Sabr Group), Jason New (Senior Managing Director of The Blackstone Group and Head of Special Situation Investing for GSO Capital Partners), William Parrett (former Senior Partner of Deloitte & Touche USA LLP), Derek Smith (Managing Principal and Senior Portfolio Manager at BlueMountain Capital Management), Matt Doheny (President of North Country Capital LLC) and John Janitz (Co-Founder and Chairman of Evergreen Capital Partners).

Kodak CEO Antonio Perez will remain on as a member of the Board.

The company's current Board will remain in place until the end of bankruptcy.
 
The new Board members term is subject to the confirmation of Kodak's emergence plan by the Bankruptcy Court.  The confirmation hearing on the Plan is currently scheduled for August 20, 2013.

Financial Analyst George Conboy discussed the news Wednesday on News 8 at Noon.  Click the video link to hear his analysis.
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