<p>Eastman Kodak (KODK) named private equity and tech veteran Jeffrey J. Clarke chief executive officer and a member of its board of directors, the business imaging company said Wednesday.</p><p>Prior to joining Kodak, Clarke was a managing partner of Augusta Columbia Capital, a private investment firm focused on middle market technology businesses that he co-founded in 2012, according to a statement released by Kodak.</p><p>Before that he was chairman of Travelport, a private travel technology firm, where he served as CEO from 2006-2011, after leading its sale from Cendant Corporation to the Blackstone Group (BX) for $4.3 billion in 2006. During his tenure, Travelport successfully launched an IPO for its Orbitz business.</p><p>Reuters reported that Clarke will receive a base salary of $1 million and a grant of $3 million in restricted stock units on the day he starts his new job.</p><p><a href="http://www.foxbusiness.com/industries/2014/03/12/kodak-hires-new-ceo/">Keep reading...</a></p>