3/25/2010
Federal-Mogul President and CEO Extends Employment Agreement
Federal-Mogul announced that José Maria Alapont has agreed to remain as president and CEO through March 2013 and will continue as a member of the board of directors.
Alapont joined Federal-Mogul in 2005 and is credited, in conjunction
with Carl Icahn, with guiding the company to exit from difficult
bankruptcy proceedings in the United States and United Kingdom. Under
his leadership, the company has implemented its strategy of sustainable
global profitable growth, restructured its global manufacturing and
engineering network to better serve its diverse customer base and
continued to invest in differentiating technologies to enhance fuel
economy, reduce emissions and improve vehicle safety. Federal-Mogul has
become a leading, world-class, diversified, global company based on
technology, innovation and competitive cost.
“I am pleased to stay with the company to continue to develop our
strategy of sustainable global profitable growth and look forward to
working with our Chairman Carl Icahn and the rest of the board of
directors, the management team and all the men and women of
Federal-Mogul to keep satisfying our customers and shareholders,” said
Alapont.
Carl Icahn stated that he is delighted that Jose Maria Alapont has
agreed to remain with the company for another three years. Icahn
further stated that he is “looking forward to continuing to work with
Jose Maria.”
Alapont joined the company as president, CEO and a member of the board
of directors in March 2005. He served as chairman of the board of
directors from 2005 to 2007. He has more than 35 years of global
leadership experience in both vehicle manufacturers and suppliers with
business and operations responsibilities in the Americas, Asia Pacific,
Europe, Middle East and Africa regions. Alapont, between 2003 and 2005,
was chief executive officer and a member of the board of directors of
IVECO, the commercial vehicle company of the Fiat Group.
A native of Spain, Alapont earned degrees in industrial engineering
from the Technical School of Valencia in Spain and in philology from
the University of Valencia in Spain.