Eastman Kodak Co. named Jeff Clarke, chairman of travel agency Orbitz Worldwide Inc., as its new chief executive officer, replacing Antonio Perez.

Before joining Kodak, Clarke, 52, was a managing partner of Augusta Columbia Capital, a private investment firm he cofounded. He had been CEO of Travelport Inc. from 2006 to 2011, overseeing its $4.3 billion sale to Blackstone Group LP and the 2007 initial public offering of the Orbitz unit.

After selling units including its photographic-film business, Rochester, New York-based Kodak emerged from bankruptcy last year as a smaller company making equipment for commercial printing and packaging. Clarke’s experience in working with business customers, including stints as chief operating officer at CA Inc. and executive vice president at Hewlett-Packard Co., will help Kodak in the corporate market, the company said.

Perez, who had been CEO since 2005, will be a special adviser to the company, Kodak said.

To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net

To contact the editors responsible for this story: Sarah Rabil at srabil@bloomberg.net Cecile Daurat

Photo Credit: Kodak tapped Orbitz Worldwide chairman Jeff Clarke as Kodak's new CEO. Kodak