Federal-Mogul Corporation annou-nced recently that its Board of Directors has elected Carl Icahn as its non-executive Chairman of the Board.
“I am very pleased that a financially strong Federal-Mogul has finally emerged from the bankruptcy process. Additionally and most importantly, Federal-Mogul will no longer be hampered by asbestos litigation. I wish to thank and congratulate all those who have worked with me throughout the last six years to accomplish this. I also wish to extend my thanks to Jose Maria Alapont, our President and CEO, who has so successfully guided the operations of Federal-Mogul during the last three years,” said Mr. Icahn.
Federal-Mogul President and Chief Executive Officer Josè Maria Alapont said, “We have very positive relations with Carl Icahn and we welcome him as non-executive Chairman. We remain committed to our strategy for sustainable global profitable growth in all areas of our business and to create value for our customers, shareholders and employees.”
For more information visit www.federal-mogul.com.