By Kari Williamson
Senior Vice President of Federal-Mogul's Powertrain Energy business, Rainer Jueckstock , will become CEO from 1 April.
Federal-Mogul has also announced it will modify its corporate structure to create a separate and independent Aftermarket division and has engaged a search firm to fill the position of CEO of this division.
The Aftermarket business unit is one of the largest independent global suppliers of premium branded automotive parts, with global sales of US$2.3 billion in 2011.
“José Maria has been an exceptional leader in turning around Federal-Mogul and building it into a world-class global enterprise. On behalf of Federal-Mogul’s Board of Directors, I want to sincerely thank José Maria for his dedicated service, for remaining with the company longer than he had originally committed and for his willingness to assist the company during this transition. José Maria has more than vindicated my belief in him when he joined Federal-Mogul seven years ago,” says Carl C. Icahn, Federal-Mogul’s Non-executive Chairman.