Federal-Mogul CFO Resigns

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Federal-Mogul (NASDAQ: FDML  ) is now in the market for an executive to lead its finance team. In a tersely worded SEC filing dated today, the company revealed that CFO Alan Haughie resigned his position this past Monday. According to the firm, he departed "in order to pursue another opportunity" that it did not specify.

Jerome Rouquet, Federal-Mogul's vice president, controller, and chief accounting officer, has been named CFO on an interim basis.

The news comes slightly more than a month after the company released Q2 results that showed improvement in key areas. For the quarter, it posted sales of $1.8 billion, and netted a profit of $56 million. Both figures bettered their Q2 2012 counterparts of $1.7 billion and a loss of $59 million, respectively.

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9/23/2016 4:00 PM
FDML $9.80 Down -0.09 -0.91%
Federal-Mogul CAPS Rating: **