Kodak Replaces Chief of Consumer Division

Eastman Kodak Co. replaced the head of its consumer business as Chairman George Fisher began an overhaul designed to boost profit at the struggling photography company. Kodak said Senior Vice President David Biehn, 54, will retire early next year, making him the last of the top three officials of the consumer unit to depart recently. He will be replaced Oct. 13 by Robert Keegan, 50, who runs Kodak’s professional unit. The move comes a week after the Rochester, N.Y., company said it will trim management by about 20% and consolidate plants as Fisher responds to the deepest crisis in his four-year tenure. Kodak’s U.S. market share is shrinking, its losses from digital imaging are widening, and its bloated work force puts the company at a competitive disadvantage to archrival Fuji Photo Film Co. Kodak’s shares fell $1.63 to close at $64.38 on the New York Stock Exchange.