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Federal-Mogul Appoints Thomas P. Martin Finance Director

17 March 1998

Federal-Mogul Appoints Thomas P. Martin Finance Director

    SOUTHFIELD, Mich., March 17 -- Thomas W. Ryan, executive vice
president and chief financial officer of Federal-Mogul Corporation
, announces the appointment of Thomas P. Martin to the position of
finance director with responsibility for Economic Value Added (EVA)
implementation effective immediately.
    "EVA is Federal-Mogul's key financial and incentive compensation metric,"
said Ryan.  "Tom will continue the successful implementation of EVA at
Federal-Mogul as we expand our efforts to include the new facilities recently
acquired from Fel-Pro and T&N."
    Prior to this appointment, Martin held the position of assistant
treasurer.  Martin had been responsible for the company's capital markets
activities and pension administration.
    Prior to joining Federal-Mogul in January 1997, Martin had served as
assistant treasurer for a KKR portfolio firm.  He also worked for Chase
Manhattan Bank and Boise Cascade Corporation.
    Martin earned a Master's of Business Administration from the University of
California, Los Angeles and Bachelor of Arts degrees in economics and
international studies from Virginia Tech.
    Headquartered in Southfield, Michigan, Federal-Mogul is a global
manufacturer of a broad range of non-discretionary parts primarily for
automobiles, light trucks, heavy trucks, and farm and construction vehicles.
The company was founded in 1899.  Visit the company's web site at
http://www.federal-mogul.com for more information.

SOURCE  Federal-Mogul Corporation