| 2:22 PM EST

Federal-Mogul Names New Co-CEO

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Federal-Mogul Holdings LLC has named Bradley Norton as co-CEO and CEO of the company’s parts division, effective March 8.

Norton joined Federal-Mogul as a senior vice president in the parts division in 2014. In his new positions, Norton will replace Daniel Ninivaggi, who has held both jobs for the past two years. Ninivaggi will return to Icahn Enterprises LP, Federal-Mogul’s parent company, where he will direct the firm’s automotive segment.

Current CEO Rainer Jueckstock will remain as co-CEO of the group and continue as CEO of the company’s powertrain operations.