Federal-Mogul Appoints New Joint CEO

US Federal-Mogul has announced the appointment of Daniel A.Ninivaggi as the new co-CEO and vehicle parts solution (Vehicle Component Solutions) Group CEO, Federal-Mogul is currently co-CEO Kevin Freeland will leave the company for personal reasons.

The new co-CEO and vehicle parts solution (Vehicle Component Solutions) Group CEO Daniel A.Ninivaggi

Daniel Ninivaggi recently held the position of CEO at Icahn Enterprises, which is the majority shareholder of Federal-Mogul Group. After he served as co-CEO of Federal-Mogul, Daniel Ninivaggi will continue to serve as a director of Icahn.

Prior to joining Icahn, Daniel Ninivaggi had held a series of management positions at component supplier Lear Corporation and was finally promoted to executive vice president and chief administrative officer.

The Federal-Mogul Chairman Carl Icahn said: "I am very pleased that Dan will be the CEO of the company and the VCS Group. In detail, he can use the rich experience in the automotive industry to promote the company's synergy and increase profitability."

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