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Federal-Mogul Board Elects Broderick CEO, Global Aftermarket Division
The Board of Directors of Federal-Mogul Corp. recently announced the election of Michael Broderick to the position of chief executive officer (CEO), Federal-Mogul Aftermarket Division, effective June 25.
Broderick will fill a role that was established in March when the Federal-Mogul
Board of Directors announced its decision to modify the company’s corporate structure to create a separate and independent aftermarket division. Broderick will report to the company’s board.
Federal-Mogul’s aftermarket business is one of the largest independent global suppliers of leading, premium-branded automotive parts, with global sales of $2.3 billion in 2011. The company manufactures and distributes more than 20 well-known auto parts brands, including Champion spark plugs.
“The board is pleased to welcome Mike to Federal-Mogul and we look forward to his strong leadership in establishing an independent aftermarket division that leverages the company’s premium products and leading brands to drive growth and strong customer loyalty,” said Carl Icahn, chairman of Federal-Mogul’s Board of Directors.
Broderick joins Federal-Mogul after accruing 20 years of experience in the automotive aftermarket in positions of increasing responsibility at two of the world’s largest aftermarket parts and service products distributors. He was most recently president of CARQUEST U.S. Prior to joining CARQUEST, Broderick held senior executive sales and operations positions during his 16-year tenure at AutoZone.
“On behalf of the Federal-Mogul organization we congratulate and welcome Mike and look forward to working with him to strengthen Federal-Mogul’s position as a preferred supplier to the global independent aftermarket,” said Rainer Jueckstock, CEO of Federal-Mogul’s OE Division.