ROCHESTER, N.Y. (AP) — Kodak says another member of its board of directors has resigned — the third director to exit the struggling company in the past two weeks.
The latest director to relinquish the post is Laura D. Tyson. A company filing with the Securities and Exchange Commission on Friday doesn’t say why Tyson resigned.
On Tuesday, Eastman Kodak Co. disclosed that Adam Clammer and Herald Chen resigned from the board last week. Clammer and Chen had represented private equity fund Kohlberg Kravis Roberts & Co. on Kodak’s board.
The resignations come after the photography-products pioneer warned in November that its survival over the next year hinges on an ability to sell its potentially lucrative digital-imaging patents or raise extra funds by borrowing.