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Transportation equipment industry

Federal-Mogul Appoints G. Michael Lynch as New CFO

Strategic Insights

— 1 min read

Federal-Mogul Corporation, a leading manufacturer of automotive parts, has appointed G. Michael Lynch as its new executive vice president and chief financial officer. Lynch, a seasoned financial executive with a 29-year career at Ford Motor Company, brings extensive experience in financial management and a deep understanding of the automotive industry. He will replace Thomas W. Ryan, who resigned from the company in March, and will work closely with Vice President and Treasurer Dave Bozynski, who served as interim CFO.

Key Takeaways:

  • G. Michael Lynch, a 57-year-old financial executive, has been appointed as the new executive vice president and chief financial officer of Federal-Mogul Corporation, effective June 19, 2000.
  • Lynch joins Federal-Mogul from Dow Chemical Company, where he served as vice president and controller, and brings a wealth of experience in financial management from his previous role at Ford Motor Company.
  • Lynch earned his Bachelor of Science and Master of Science degrees in electrical engineering from Cornell University in New York in 1965 and 1966, respectively, and a Master of Science degree in Industrial Administration from Carnegie-Mellon University in Pennsylvania in 1968.
  • Lynch succeeded Thomas W. Ryan, who resigned from the company in March, and will work closely with Vice President and Treasurer Dave Bozynski, who served as interim CFO.
  • Lynch's appointment highlights Federal-Mogul's commitment to building a strong financial team, with Snell noting that Lynch brings "a depth of experience and success at two global companies noted for strong financial management."
  • Lynch's background in the automotive industry, including his role as primary financial officer of Ford's consolidating automotive parts division, will be valuable assets to Federal-Mogul.

Statistics:

  • Federal-Mogul Corporation is a 101-year-old company founded in 1899.
  • Lynch spent 29 years at Ford Motor Company, leaving in 1997 to join Dow Chemical Company.
  • Lynch earned three graduate degrees: two from Cornell University and one from Carnegie-Mellon University.
  • Lynch's new role as executive vice president and chief financial officer will begin on June 19, 2000.

Sources:

  • "Federal-Mogul Announces Appointment of G. Michael Lynch as CFO" (PRNewswire, June 7)
  • "Federal-Mogul Corporation" (Company Website, undated)
  • "Company News On-Call" (Fax Service, 800-758-5804, ext. 306225)

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