Federal-Mogul Board of Directors Elects Kevin P. Freeland Co-CEO of Federal-Mogul Corporation and CEO, Global Aftermarket

Board of Directors of Federal-Mogul Corporation announced the election of Kevin P. Freeland to the position of co-chief executive officer of Federal-Mogul Corporation and chief executive officer, Federal-Mogul’s Vehicle Components Segment (VCS), effective June 17, 2013. Mr. Freeland will report to the company’s Board of Directors.

“The Board is pleased to welcome Kevin to Federal-Mogul, and we look forward to his leadership in growing the aftermarket division and building upon its world-class products and strong customer base,” said Carl C. Icahn, chairman of Federal-Mogul’s Board of Directors.

Mr. Freeland joins Federal-Mogul after 32 years of merchandising, marketing and procurement experience, most recently as chief operating officer of Advance Auto Parts, Inc. Prior to joining Advance Auto Parts, Mr. Freeland spent eight years, from 1995 to 2003, with Best Buy Co., Inc., a specialty retailer of consumer electronics, office products, appliances and software, serving as Senior Vice President in its procurement and distribution group and, ultimately, president of its Musicland Division.

“On behalf of the Federal-Mogul organization, we congratulate and welcome Kevin and look forward to working with him to continue to strengthen Federal-Mogul’s position as a preferred supplier to the global independent aftermarket,” said Rainer Jueckstock, CO-CEO of Federal-Mogul and CEO of Federal-Mogul’s Powertrain Segment.