Contact: Kimberly A. Welch 248-354-1916
Jim Fisher 248-354-1916
FOR IMMEDIATE RELEASE
Federal-Mogul Names Shirley D. Peterson to Board of Directors
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Southfield, Michigan, September 23, 2002...The Board of Directors of
Federal-Mogul Corporation (OTC Bulletin Board:FDMLQ) today announced that
attorney Shirley D. Peterson has been named to the board, effective immediately.
Peterson, 61, is a former president of Hood College in Frederick, Maryland,
and was the first woman to serve as commissioner of the United States Internal
Revenue Service (IRS). She was also the first woman to serve as assistant
attorney general (Tax Division), for the U.S. Department of Justice.
"Federal-Mogul is very fortunate to gain the insight and perspective of
this proven leader whose career has encompassed the practice of law, public
service and higher education," said Chairman and Chief Executive Officer Frank
Macher. "The qualities that have distinguished Shirley most throughout her
career are her leadership ability and her commitment to achieving positive
change."
A Colorado native, Peterson was president of Hood College, an independent
liberal arts college, from 1995-2000. From 1989-93, she served in the U.S.
government, first appointed by President Bush as assistant attorney general in
the Tax Division of the Department of Justice, then appointed as commissioner of
the IRS where she was responsible for a budget of $7.3 billion and 115,000
employees. In her tenure with the IRS, she helped advance changes designed to
improve productivity, customer satisfaction and taxpayer compliance. She also
was a partner in the law firm of Steptoe & Johnson, where she spent a total of
22 years from 1969-89 and 1993-94.
Peterson has been on the board of directors of Bethlehem Steel Corporation
since 1996, and has been an independent trustee of Scudder Mutual Funds since
1995. She serves on the board of directors of the National Legal Center for the
Public Interest, the Bryn Mawr College Board of Trustees and the board of
advisors for the American University Tax Clinic. She previously served on the
Special Commission on Maryland Ethics.
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Among the awards and honors received by Peterson are the Luther Institute's
National Laywoman Wittenberg Award (1998) in recognition of public service and
leadership, the Treasury Department's Distinguished Service Award (1993), and
the Edmund J. Randolf Award from the U.S. Department of Justice for outstanding
service (1991).
Peterson graduated cum laude from Bryn Mawr College in 1963 with a bachelor
of arts degree and then she went on to graduate cum laude from the New York
University School of Law in 1967.
Federal-Mogul is a global supplier of automotive components and sub-systems
serving the world's original equipment manufacturers and the aftermarket. The
company utilizes its engineering and materials expertise, proprietary
technology, manufacturing skill, distribution flexibility and marketing power to
deliver products, brands and services of value to its customers. Federal-Mogul
is focused on the globalization of its teams, products and processes to bring
greater opportunities for its customers and employees, and value to its
constituents. Headquartered in Southfield, Michigan, Federal-Mogul was founded
in Detroit in 1899 and today employs 49,000 people in 24 countries. For more
information on Federal-Mogul, visit the company's web site at
http://www.federal-mogul.com.
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