Gerard Meuchner, chief communications officer for Eastman Kodak, has resigned from the embattled company.
Meuchner |
Meuchner exits after 11 years with the imaging giant, which is struggling to stave off a bankruptcy filing some see as inevitable.
Meuchner was a veteran Bloomberg News reporter and editor before moving to the PR side with Kodak in 2000.
Christopher Veronda is manager of communications and public affairs at Kodak, serving as Kodak’s primary corporate spokesman. A robust PR team handles various units like consumer products, B2B and film.
Kodak worked with Joele Frank, Wilkinson Brimmer Katcher over the summer as it maneuvered to prevent a takeover as its share price dwindled below $3. Shares have since dipped below $1 and the company received a delisting warning from the New York Stock Exchange Jan. 3.
Moody’s downgraded Kodak debt this week citing the increased probability it will need bankruptcy protection.
The Wall Street Journal said earlier this week that Kodak is preparing a Chapter 11 filing “in the coming weeks” if it can’t sell of some of its valuable patents.
Kodak’s fourth quarter results will be announced January 26.