Kodak promotes Faraci to president, coo

As president and coo, Faraci will be responsible for the day-to-day management of Kodak's two major digital businesses: the Consumer Digital Imaging Group (CDG) and the Graphic Communications Group (GCG). Faraci had been President of CDG and a senior vp of the company.

He assumes responsibility for GCG from James Langley, who remains a senior vp until his departure at the end of the year. Since the company is eliminating the position of president for both CDG and GCG, Langley will leave Kodak once he completes the transition of his responsibilities for GCG.