Kodak named a longtime executive as temporary chief financial officer, and outside directors backed the chairman.
Mr. England, a longtime executive in the defense industry, came into his job with a mandate to solve the problem.
Grey Advertising, in moves to broaden its ranks of top management, has promoted six longtime executives.
A longtime creative executive is opening his own agency after closing one earlier this month.
Mr. Liedtke, 68, who took control of the company in 1962, has been the company's only chairman and longtime chief executive.
"My friend came into the building the other day," one longtime executive said.
A lot of the longtime executives are pretty invested in the old corporate identity.
And many longtime executives worry that too many newcomers to technology companies have never seen a truly down market.
"There are some businesses going broke, small ones mostly, especially those involved with computers or services," one longtime American executive here said.
He is among several longtime top executives who have left the agency recently.