Auto parts supplier Federal-Mogul has picked Rainer Jueckstock as its new CEO. He will replace Jose Maria Alapont, who will retire at the end of this month. The maker of powertrain and safety technology, which counts on Europe for more than half of its global sales, also says it will create an independent aftermarket division.
Jueckstock is currently the senior vice president of Federal-Mogul's powertrain energy business unit. The 52-year-old executive also will join the company's board.
Federal-Mogul makes a variety of original equipment and brand-name aftermarket parts, including pistons, spark plugs, windshield wiper blades, brake pads and other components.