Kodak's Faulkner to Retire; Brenner Named Head of Strategic Initiatives.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Nov. 18, 1998--Terrence W. Faulkner, director and vice president for strategic initiatives at Eastman Kodak Company, will retire on December 1, the company announced today.

Barry S. Brenner, who has been assistant director and vice president for Strategic Initiatives since August, is now promoted to director and vice president for Strategic Initiatives. Brenner will report to George Fisher, Kodak chairman and chief executive officer.

"Terry Faulkner is a genuine intellectual innovator, and a Kodak legend," Fisher said. "Now Kodak senior strategist, his contributions started before the 126 Instamatic system introduction and continued through the formulation of our roadmaps for the years beyond 2000. Terry's rich understanding of the complex interactions of photography led to designs and inventions that continually improved Kodak products. His engaging studies of the technical, business, and human aspects of photography mapped the industry landscape from new and enlightening perspectives. Terry Faulkner has truly added substance to helping people take pictures further."

Faulkner, 60, joined Kodak in 1961 as an industrial engineer at Kodak Park. He joined the Army in 1962 where he was placed in charge of airborne hardware for the Pershing Missile project at the Redstone Arsenal.

He returned to Kodak in 1964 and joined the Human Factors group, a team of engineers devoted to understanding how people actually work with cameras and other devices. In 1985, he became assistant to the director of Photographic Technology Division and started the first Kodak Technical Intelligence group devoted to forecasting technology change.

In 1986 he became assistant to the director of research. In 1992, he became head of technology planning for Imaging. In 1993, he became director of Strategic and Quality Planning and vice president. In 1995, he assumed his current role, where he became responsible for strategic initiatives at the corporate level.

A native of Arkansas, Faulkner received his BS degree, with honors, in industrial engineering from the University of Arkansas in 1960. He received an MS degree in industrial engineering from Northwestern University in 1961. The author of numerous publications, he received the Human Factors Society Alexander Williams award in 1983 "for outstanding human factors contributions to the design of a major operational system." He was named a Fellow of the Human Factors Society" in 1983.

"Barry Brenner's Kodak career has readied him for the complex job of assessing Kodak's promising strategic options," Fisher said. "There will always be a hunger for the rewards only pictures provide. But how those pictures are taken, made and used will change and change again. We're seeing how applications change with digital technology. We're starting to see pictures come into far greater use because of the internet. As products evolve, and markets emerge, the demand for pictures will grow. No one is better prepared to help plan that process and guide that growth than Barry."

Brenner, 49, joined the company in 1973 as a research physicist in the Kodak Research Labs. Since then he has held positions in research, operations, manufacturing, marketing, international management, and every form of business and strategy development. From 1979-82, he held various marketing and business planning posts within the Professional and Photofinishing Products Division. From 1982-84, he was director of Kodak's office of Corporate Strategy for professional and photofinishing products. In 1985, he was named a divisional vice president and general manager of Kodak's Lamdek Fiber Optics business unit. In 1989, he became country general manager of Kodak Singapore with regional responsibility for Singapore, Indonesia, Sri Lanka and other Asian countries. In 1992, he became a director of Corporate Strategy Development for the Kodak Imaging Group and later served as the director of strategy for Kodak's global consumer imaging group. From 1995-98, he was regional business general manager and vice president for Kodak's Consumer Imaging business in the Asia Pacific Region and Japan.

Brenner was graduated from Cornell University where he received a BS in Mechanical Engineering. He received an MS in Mechanical Engineering from Lehigh University, an MBA from the University of Rochester, and completed the program for Executive Development at the Kellogg school at Northwestern University.

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