First Brands CEO Resigns Amid Bankruptcy Process
First Brands founder Patrick James has resigned as CEO as the auto parts maker navigates Chapter 11 bankruptcy and DOJ scrutiny.
The company, which makes filters, brakes, and lighting systems, filed for bankruptcy protection in late September after its lenders began investigating irregularities in the company's financial reporting.
- Patrick James stepped down as CEO.
- Chief Restructuring Officer Charles Moore will succeed James on an interim basis.
First Brands said on Monday founder Patrick James had stepped down as CEO...
Author's summary: First Brands CEO Patrick James resigns amid bankruptcy.