Kodak Names David Swift President of Kodak Professional; Senior Vice President Patrick Siewert Resigns.

Business Editors

ROCHESTER, N.Y.--(BUSINESS WIRE)--Dec. 4, 2000

Eastman Kodak Company announced today that David L. Swift, Chairman and President of Kodak's Greater Asia Region, has been named President of Kodak Professional, effective February 1, 2001.

Patrick T. Siewert, President of Kodak Professional and a Senior Vice President of the company, has resigned to pursue other interests, also effective February 1.

Henri D. Petit was appointed Chairman and President of the Greater Asia Region, effective February 1, which includes Kodak's businesses in China. In September, Petit was appointed Vice Chairman, China. Petit, 52, is a Vice President of the company.

Swift, 42 and a Senior Vice President of the company, will report to Martin M. Coyne II, President of Kodak's Commercial Business Group and an Executive Vice President. Lance Drummond remains Chief Operating Officer of Kodak Professional and a corporate Vice President.

Swift returns to Rochester after four years in China, where he began as Vice Chairman of the Greater China Region in January 1997. In September 1997, he was appointed Chairman of the Greater China Region, and in March 1999, he was promoted to Chairman of the Greater Asia Region. During his tenure, Kodak invested more than $1 billion to expand its presence in China, including the establishment of new factories and retail programs. As a result, China is now Kodak's second-largest roll-film market. Swift also established a Digital Product Development Center in Shanghai in 1998 and digital camera manufacturing in that city this year.

"I have total confidence in Dave as the next leader of Kodak Professional," said Daniel A. Carp, Kodak's President and CEO. "He has demonstrated an ability to drive growth in China, and his team-building skills have put Kodak in position to expand business in Asia for many years to come."

Siewert, 45, joined Kodak in 1974, and held positions of increasing responsibility in the company's Consumer, Professional and regional businesses. In 1994, Siewert was named Deputy Chairman of the company's Greater China Region and in 1995 he was elected a company Vice President. Two years later, he became Chairman of the Greater China Region. In July 1997, he was named Chief Operating Officer of Consumer Imaging, and then in November 1997, President of Kodak Professional. Effective January 2000, he was elected a corporate Senior Vice President.

"For 26 years, Pat Siewert has given his very best to Kodak," Carp said. "He has served this company with grace and integrity. I thank him for all he has done to help Kodak, and for his friendship. I wish him well."

Prior to his work in China, Swift was the Chief Operating Officer of the company's Digital & Applied Imaging business unit, beginning in 1995. In the prior two years, Swift served as the assistant to the Chairman, President and CEO. He began his career with Kodak in 1981 as a manufacturing engineer, and has held various positions in product development, strategic planning and product management.

"In my career, I expect China to become Kodak's largest market for photographic film and equipment," Carp said. "We will continue to invest there because of the exceptional growth potential that exists throughout Asia. The appointment of Henri Petit, a talented executive with broad business and international credentials, to succeed Dave Swift reflects our commitment to increase our customer base in the region."

"While running Greater Asia, Dave was responsible for all of Kodak's businesses in that region," Coyne said. "His experience and knowledge, especially of digital imaging, will help me spread the best practices of each commercial business across the entire group."

A native of Wilbraham, Massachusetts, Swift is a graduate of Amherst College and has a Master of Engineering degree in electronics and software from Dartmouth College. He also received a Master's degree in Business Administration from Harvard University in 1989, under the sponsorship of Kodak.

"I leave China with our factories up and running, with our market share rising and our investments there paying off as we had hoped," Swift said. "In this new assignment, I look forward to working with the customers and employees of Kodak Professional in our effort to help the business prosper in the digital age."

Petit began his career with the company in 1975, when he joined the purchasing division of Kodak-Pathe, the company's French subsidiary. By 1981, Petit was named manager of the photofinishing laboratory of Kodak-Pathe, and in 1985 he became manager of the subsidiary's Business Information Systems and Corporate Accounts. He held a series of management positions before being appointed a corporate vice president in December 1992 and relocating to the U.S. as worldwide general manager of Kodak's Motion Picture and Television Imaging division.

In November 1995, Petit was named general manager for Kodak's Europe, Africa and Middle Eastern Region, and in September 1997, he became the Chief Operating Officer of Consumer Imaging, the company's largest business unit.

"I am excited by the opportunity to extend Kodak's presence throughout Asia," Petit said. "Kodak is just beginning to reap the benefit of our investment in the region, and it is my good fortune to be assigned the responsibility of building on our success."

A native of Baden-Baden, Germany, Petit holds a Master's degree in engineering from the Ecole Superieure de Physique et Chimie de Paris, a post-graduate degree in nuclear physics, and a Ph.D in corpuscular electronics from the University of Paris XI, France. He attended the Advanced Management Program, I.N.S.E.A.D., Fontainbleau, France.

Editor's Note: For additional information about Kodak, visit our web site on the Internet at www.kodak.com.