Jeff Clarke

By some key mileposts, Eastman Kodak likely won't look much different this year than it did in 2013. But while sales and operational earnings will be flat to somewhat down, CEO Jeff Clarke said, where that money comes from will be changing radically.

"You see a transformation," Clarke told a Manhattan conference room of shareholders Wednesday as the company held its annual shareholder meeting-its first in three years.

John McMullen has been named executive vice president and CFO of Kodak, effective June 15, 2014. The board of directors has elected McMullen a corporate officer of Kodak, and he will become a member of the company's Executive Council. McMullen will report to Kodak CEO Jeff Clarke.

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