Federal-Mogul Loses Key Executives

Federal-Mogul Corp. (USA, operating under Chapter 11 bankruptcy protection since October 2001) announced key executive resignations and appointments. William Quigley III, who held the positions of Vice President, Controller, and chief accounting officer, resigned effective January 1, 2005. He joined F-M in 1994 from Nissan R&D and was named to his current posts in 2001. Mr. Quigley left F-M to join Visteon Corporation as Vice President, corporate Controller and chief accounting officer. He reports to Jim Palmer, Executive Vice President and Chief Financial Officer. David M. Sherbin, Senior Vice President, General Counsel and corporate Secretary, also resigned effective January 1, 2005. Mr. Sherbin had overall responsibility for all legal and compliance affairs at Federal-Mogul worldwide. He had been named to those posts only this past April 2004; he joined F-M in 1997. Federal-Mogul immediately announced Mr. Quigley's replacements. Alan Haughie has been named Vice President and Controller. Mr. Haughie had been director of corporate finance. Michael Widgren has been appointed chief accounting officer. Mr. Widgren had been director of corporate accounting and external reporting. The company had no immediate notification of Mr. Sherbin's possible replacements