SOUTHFIELD, Mich., Jan. 13 /PRNewswire/ -- Federal-Mogul Corporation
(OTC Bulletin Board: FMDLQ) announced today that its Board of Directors has
elected Robert S. (Steve) Miller, Jr., 62, as non-executive chairman of the
board of directors effective January 11, 2004. Miller has been a member of
Federal-Mogul's board since 1993. He replaces Frank E. Macher, 62, who has
been serving as chairman of the board since October 1, 2001. Miller's
election coincides with the expiration of Macher's contract. The board
members expressed their appreciation for Macher's contributions during his
tenure.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO )
Miller was non-executive chairman of the board from January 11, 2001 to
October 1, 2001, after serving briefly as interim chairman and chief executive
officer for Federal-Mogul. He was formerly chairman and chief executive
officer of Bethlehem Steel Corporation. He is also a member of the board of
directors for Pope & Talbot, Inc., Symantec Corporation, UAL (United
Airlines), Waste Management, Inc. and RJ Reynolds Tobacco Holdings.
The board also said that Miller's leadership and expertise in financial
restructuring will be an asset to Federal-Mogul as the company moves through
the final stages of its bankruptcy process and emergence.
Chip McClure, 50, chief executive officer and president of Federal-Mogul,
and a member of the company's board of directors since January 11, 2001, said,
"I look forward to continuing to work with Steve, the board members and the
co-proponents of the plan of reorganization to ensure the success of Federal-
Mogul's operations and its emergence from Chapter 11."
Federal-Mogul is a global supplier of automotive components, sub-systems,
modules and systems serving the world's original equipment manufacturers and
the aftermarket. The company utilizes its engineering and materials
expertise, proprietary technology, manufacturing skill, distribution
flexibility and marketing power to deliver products, brands and services of
value to its customers. Federal-Mogul is focused on the globalization of its
teams, products and processes to bring greater opportunities for its customers
and employees, and value to its constituents. Headquartered in Southfield,
Michigan, Federal-Mogul was founded in Detroit in 1899 and today employs more
than 45,000 people in 24 countries. For more information on Federal-Mogul,
visit the company's Web site at http://www.federal-mogul.com .
SOURCE Federal-Mogul Corporation
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