SOUTHFIELD, Mich. (July 8)—Chip McClure will take over the role of CEO of Federal-Mogul Corp. from Frank Macher July 11, as part of a transition plan put in place when the two joined the company in January 2001. Macher will remain chairman of the board, and McClure will remain president. The company will not fill McClure's vacated chief operating officer post, a spokeswoman said.
McClure to take over as Federal-Mogul CEO July 11
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