Federal-Mogul CFO Resigns

Federal-Mogul 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.

The article Federal-Mogul CFO Resigns originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Federal-Mogul. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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