Supplier Profile: Federal-Mogul
Attempting to reduce its dependence on Europe.
Federal-Mogul went through two major transitions in 2012. Jose Maria Alapont retired as the President and CEO in March after leading the company for seven years. Alapont was instrumental in navigating Federal-Mogul through one of the most difficult phases in its corporate history which includes settlement of asbestos-related litigations, stemmed from the acquisition of Turner & Newall in 1998, and successful restructuring under Chapter 11 bankruptcy in 2007. Following his retirement from top post, Alapont remained with the company as an adviser during the leadership transition. He also continued to serve as a member of the company’s Board of Director through Annual General Meeting (AGM) in 2013.
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