Federal-Mogul Appoints New Top Executive

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Feb. 7, 2014—Federal-Mogul’s board of directors appointed Daniel Ninivaggi as the new co-CEO of the company, as well as CEO of its vehicle components solutions (VCS) group (VCS), according to a Thursday announcement.

"I am delighted to have Dan serve as the CEO of the VCS group and believe he will be able to utilize his significant automotive industry experience to drive synergies and profitable growth within this segment of the business," said Carl C. Icahn, chairman of the board at Federal-Mogul. "The board of Federal-Mogul has a strong focus in this segment, as noted by the recent transactions with Honeywell and Affinia; and Dan was a strong supporter of each of these opportunities."

Ninivaggi previously served as president and CEO of Icahn Enterprises, the company's majority-shareholder, where he continues to serve as a director of its general partner. Prior to joining Icahn Enterprises, he served in a variety of executive positions at Lear Corporation, an automotive supplier, most recently as executive vice president and chief administrative officer.

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