The Board of Directors of Federal-Mogul Corporation, a global supplier of powertrain and safety technologies, and of leading brands in the worldwide automotive aftermarket, today announced the election of Michael T. Broderick to the position of chief executive officer, Federal-Mogul Aftermarket Division effective June 25, 2012.
He will fill the role established in March 2012 when the Board of Directors announced its decision to modify the company’s corporate structure to create a separate and independent Aftermarket division. Broderick will report to the company’s Board of Directors.
Federal-Mogul’s Aftermarket business is one of the largest independent global suppliers of leading, premium-branded automotive parts, with global sales of $2.3 billion in 2011.
“The Board is pleased to welcome Mike to Federal-Mogul and we look forward to his strong leadership in establishing an independent aftermarket division that leverages the company’s premium products and leading brands to drive growth and strong customer loyalty,” said Carl C. Icahn, chairman of Federal-Mogul’s Board of Directors.
Broderick joins Federal-Mogul after 20 years of experience in the automotive aftermarket in positions of increasing responsibility at two of the world’s largest aftermarket parts and service products distributors.
He was most recently president of Carquest, a leading automotive aftermarket distributor. Prior to joining Carquest, Broderick held senior executive sales and operations positions during his sixteen-year tenure at AutoZone, Incorporated.
“On behalf of the Federal-Mogul organization we congratulate and welcome Mike and look forward to working with him to strengthen Federal-Mogul’s position as a preferred supplier to the global independent aftermarket,” said Rainer Jueckstock, CEO of Federal-Mogul’s OE Division.