Federal-Mogul shakes up leadership under Icahn takeover

Norton joined Federal-Mogul's motor parts division in 2014 as senior vice president and general manager.

DETROIT -- Federal-Mogul Holdings LLC on Thursday named Bradley Norton as the new co-CEO and CEO of the supplier's motor parts division.

Rainer Jueckstock, 57, will remain as the other co-CEO of the company and CEO of its powertrain division.

Norton, 54, will succeed Daniel Ninivaggi, 52, who held the position since 2014. He was previously CEO of Icahn Enterprises LP, the parent company of Federal-Mogul, from 2010-14.

Ninivaggi will return to Icahn Enterprises, where he will serve as managing director of the parent company's automotive segment.

The changes are effective March 8.

Billionaire investor Carl Icahn will take full ownership of Federal-Mogul in a $300 million deal. Icahn, who had been vying for a year to take over the company completely, previously owned 82 percent of the supplier's shares.

Norton joined Federal-Mogul's motor parts division in 2014 as senior vice president and general manager. He served previously as president of Freudenberg-NOK, a Plymouth Township based sealing technologies supplier.

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