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Empresas y finanzas

Federal-Mogul says CEO to retire


    (Reuters) - Auto parts supplier Federal-Mogul Corp said Chief Executive Jose Maria Alapont will retire on March 31.

    Federal-Mogul said Rainer Jueckstock, who is currently the senior vice president of its Powertrain Energy business unit, has been promoted to be the new CEO.

    The company, majority-owned by billionaire investor Carl Icahn, said Alapont would remain with it in a consulting role to assist with the transition.

    The Southfield, Michigan-based company also said it is modifying its corporate structure to create a separate and independent aftermarket division.

    Shares of the company closed at $17.01 on Friday on the Nasdaq.

    (Reporting by Megha Mandavia in Bangalore; Editing by Gopakumar Warrier)