Saturday, February 11, 2006
Corporate Boards Call on the Expertise of Retired Executives
The last thing Martin Coyne II wanted to do after taking early retirement in 2003 from his job as executive vice president of the Kodak Corporation's photography division was to return to the 12-hour days and the stress of the corporate world. Yet, he was only 55, and he yearned to put his management expertise to good use without wearing himself out.
So he chose an increasingly popular alternative: a career as a professional corporate director at small or medium-size companies.
Mr. Coyne was already on one board — the Akamai Technologies Corporation, based in Cambridge, Mass., with revenue in 2004 of $210 million. He has since joined the board of a second medium-size company and he is a senior adviser to two others.
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