New Kodak CEO- stock falls 2.7%

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Kodak named Jeff Clarke, 52, chairman of online travel agency Orbitz Worldwide Inc., as its new chief executive officer. Clarke intends to boost Kodak’s growth by taking advantage of the transition from analog to digital printing in markets including China and Brazil. Clarke said his primary residence will remain in the San Francisco area, where his family is, and will split his time between there and Rochester. His message to employees is here: https://www.youtube.com/watch?v=KqoPq7I1iuo

Thoughts? Is he what Kodak needs in a leadership position? Does he have what it takes or is this too little too late?
 

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