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Kodak Names New CEO; Fisher To Continue As Chairman Until 2001

George Fisher announced today he will end his six-year run as Kodak’s chief executive officer at the end of 1999 and be replaced by Daniel Carp, the company’s COO.

Fisher’s move comes after last months announcement that Kodak will slash $1.2 billion in costs from its budget and eliminate and about one-fifth of the company’s payroll. Fisher will retain his position as Kodak’s chairman until January 2001.

Carp has been with Kodak since 1970 and assumed his current post in 1997.