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Federal-Mogul Appoints Tom Martin, Assistant Treasurer, Capital Markets

29 March 1999

Federal-Mogul Appoints Tom Martin, Assistant Treasurer, Capital Markets

    SOUTHFIELD, Mich., March 29 -- Dave Bozynski, vice president
and treasurer, Federal-Mogul Corporation , announces the
appointment of Tom Martin to assistant treasurer, capital markets, effective
immediately.
    For the past year, Martin has been supporting the overall implementation
of the economic value added (EVA) discipline at Federal-Mogul.
    "Tom's leadership was an important factor in our successful broad-based
training initiative as well as the integration of EVA incentive compensation
and financial metrics," said Tom Ryan, chief financial officer, Federal-Mogul
Corporation.  "These achievements are particularly noteworthy given the added
challenge of integrating EVA in 12 acquisitions during the past 14 months."
    "I am delighted with Tom's return to Treasury," said Bozynski.  In his new
position, Martin will be responsible for all capital markets activities,
rating agency relationships, global foreign exchange, Europe/Asia regional
finance activities.  He will also serve as a trustee of the company's UK
pension scheme.
    Martin earned a Masters of Business Administration from the University of
California, Los Angeles and Bachelor of Arts degrees in economics and
international studies from Virginia Tech.
    Martin replaces Sandra Galac, who has left the company to accept a
treasurer position with another company.
    Headquartered in Southfield, Michigan, Federal-Mogul is an automotive
parts manufacturer providing innovative solutions and systems to global
customers in the automotive, light truck, heavy-duty, railroad, farm and
industrial markets.  The company was founded in 1899.  Visit the company's web
site at http://www.federal-mogul.com for more information.  Federal-Mogul's
press releases are available by fax through Company News On-Call, call
800-758-5804, ext. 306225.