Arun Anand Appointed Chief Executive Officer at Goetze (India) Limited

New Delhi, Delhi, India

The Board of Directors of Goetze (India) Limited (GIL) appointed Mr Arun Anand as GIL's Chief Executive Officer (CEO). He will continue to serve as whole-time Director on the company's Board of Directors. GIL's Board of Directors also appointed Mr Anil Nanda as GIL's Non-Executive Chairman of the Board.

These appointments at GIL follow Federal-Mogul Corporation's acquisition of additional shares to own the majority stake of its long-standing joint venture, Goetze (India) Limited, a publicly traded leading supplier of automotive pistons, rings, liners, pins and sintered products. The transaction increased Federal-Mogul's share in GIL from 25.5 to 50.1 percent holding in the company.

Jose Maria Alapont, Chairman, President and CEO of Federal-Mogul Corporation, said Arun Anand's appointment as CEO will drive GIL's continued market leadership. "Arun's valuable industry experience and extraordinary knowledge of the Indian marketplace will play an integral role in GIL's future growth and success in the local and export market." GIL is an important part of Federal-Mogul's strategy to drive global profitable growth by providing leading technology, and world class products and services in India one of the most dynamic and growing economies.

"I am excited to take on this new responsibility," Mr Anand said. "Federal-Mogul's technological expertise, professional management and global distribution network, combined with GIL's capabilities and high quality workforce will prove to be immensely beneficial for our customers, employees and shareholders."

Arun Anand began his association with GIL 25 years ago, joining GIL in 1981 as a member of the finance department. He spent 12 years as Chief Financial Officer and in 2002 was named Executive Director. Mr Anand is a chartered accountant and has earned an executive MBA from the University of Leeds in England.

Rakesh Thukral, Comma Consulting, +91 (011) 41354402 / +91 9811039574 rthukral@comma.in

Source: Goetze (India) Limited (Business Wire India)

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