Kodak Names ConAgra Foods CFO Frank Sklarsky to Succeed Robert Brust

Kodak Names ConAgra Foods CFO Frank Sklarsky to Succeed Robert Brust

Eastman Kodak Company today named Frank S. Sklarsky to succeed Robert H. Brust as the company’s Chief Financial Officer. Sklarsky, 49, is Executive Vice President and CFO of ConAgra Foods Inc. He will join Kodak on Oct. 30 as Executive Vice President, and will become the CFO effective Nov. 13, subsequent to the company’s filing of its Third-Quarter Form 10-Q with the Securities and Exchange Commission. Sklarsky will report to Kodak Chairman and Chief Executive Officer Antonio M. Perez. Brust, 63, announced in January his intention to retire on Feb. 1, 2007. During this interim, he will remain with the company as an Executive Vice President, and will assist Sklarsky in his transition.

At ConAgra, one of North America’s leading packaged food companies, Sklarsky implemented a new financial organization, significantly strengthened the balance sheet, and played a major role in building credibility with the investment community. He also helped expand profit margins at the $14 billion company. Prior to ConAgra, which he joined as CFO in 2004, Sklarsky was a senior financial executive at DaimlerChrysler and Dell Inc. In his 26-year career, he has developed a reputation for improving the financial operations, as well as the overall financial performance, of the companies he has served.

At Kodak, as with ConAgra, Sklarsky will be responsible for worldwide financial operations, including Financial Reporting and Analysis, Treasury, Audit, Controllership, Tax, and Investor Relations. Sklarsky also will have responsibility for Information Technology functions, Purchasing and Global Shared Services.

“Frank is exactly the right CFO at this moment in Kodak’s historic transformation,” Perez said. “Frank was a key player in the financial and operational improvements achieved by ConAgra, as he was at DaimlerChrysler and Dell. He understands the challenges of large, complex companies that are going through great change, and he also understands the speed and urgency demanded by digital markets. I am confident that Frank will build on the significant contributions of Bob Brust as we work together to extend Kodak’s leadership in digital markets.”

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