Industry veteran Douglas Edwards is now president of the Kodak’s Digital Printing & Enterprise division, reporting directly to chairman and chief executive Antonio Perez.
In an interview with PrintWeek he said: "We continue to serve our Prosper and NexPress customers on a daily basis and my teams are fully committed to ensuring there is no interruption in delivery, support or consumables for our customers as we transition to the new Kodak."
Edwards added that the company was looking forward to showcasing its equipment at next month’s Graph Expo in Chicago.
"Graph Expo is another opportunity to spend face-to-face time showing them our support as we transition to the new Kodak – a company focused on the commercial, publishing, packaging and functional printing solutions and the enterprise services businesses," he said.
"We have several customer events planned at the show and we will be in very active discussions helping our customers find the right solutions to grow their businesses."
In addition to the departure of Faraci, CFO Antoinette McCorvey has decided to leave the company. She will be replaced by Rebecca Roof, a managing director of AlixPartners who has helped guide other companies through successfully emergence from bankruptcy.
Other moves include Kodak president Laura Quatela, who will take over as head of personalized imaging, which the company said last month it planned to sell.
Dolores Kruchten will become president of the document imaging division to lead that business through its sale process, the company added.
But while it is aggressively streamlining its operations and cutting overheads, Edwards stressed Kodak would continue to be a global company in commercial print.
"We are today and will continue to be actively engaged worldwide. In developed markets like the U.S. and Europe, Kodak is driving new growth for commercial printers by delivering new levels of quality, productivity, efficiency and sustainability never before possible," he added.
"In emerging markets like China, India, Brazil and Russia, print for all applications is rapidly growing and Kodak is providing a range of traditional, digital and hybrid solutions to meet the changing needs of commercial printers."
These remain challenging times, not just for Kodak, but for many company and segments of the commercial print industry. But Edwards expressed hope for the future of the business.
He said: "In today’s world of multi-channel communications, commercial printers are adapting to dynamic changes in consumer behavior by providing their clients with printed solutions that are more personalized, creative and effective–and delivered faster than ever before.
"We at Kodak have competitive advantages in materials science and deposition technologies, as well as know-how in digital imaging, that enables us to capitalize on opportunities and extend our leadership in the growth markets we serve. So yes, in conclusion, I am very optimistic."
