Kodak's consumer business president resigning
ROCHESTER, N.Y.—Eastman Kodak Co. says Pradeep Jotwani is resigning as the president of consumer business and chief marketing officer.
The announcement Thursday comes as the Rochester-headquartered company reorganizes under bankruptcy protection.
Kodak Chairman Antonio Perez says in a statement that the company's consumer segment has continued to improve under Jotwani in recent months, despite the circumstances, and wished the outgoing executive well.
Kodak didn't give a reason for the resignation, which takes effect May 31.
Earlier this week, Kodak lawyers told a U.S. Bankruptcy judge that turnover has become a serious problem and were granted approval to pay up to $13.5 million in bonuses to persuade key managers to stay on.
Jotwani is a former Hewlett-Packard Co. executive who joined Kodak in September 2010.