Attached files
| file | filename |
|---|---|
| 8-K - ICAHN ENTERPRISES L.P. | v174901_8k.htm |
| EX-10.3 - ICAHN ENTERPRISES L.P. | v174901_ex10-3.htm |
| EX-10.2 - ICAHN ENTERPRISES L.P. | v174901_ex10-2.htm |
| EX-10.1 - ICAHN ENTERPRISES L.P. | v174901_ex10-1.htm |
Exhibit
99.1
ICAHN
ENTERPRISES L.P.
For
Immediate Release
Contact:
Susan Gordon
212-702-4333
DANIEL
A. NINIVAGGI ELECTED PRESIDENT OF
ICAHN
ENTERPRISES L.P.
NEW YORK – February 16, 2010 –
Icahn Enterprises L.P. (NYSE: IEP) today
announced that its general partner, Icahn Enterprises G.P. Inc., has elected
Daniel A. Ninivaggi, as the company’s President, effective April 1,
2010. Ninivaggi will also serve as President of the general partner
and certain other affiliated companies.
As
President of Icahn Enterprises L.P., Ninivaggi will oversee the company’s
portfolio company operations and, working with other members of senior
management, develop strategies for enhancing the value of the company’s core
businesses. He will also work with a team on identifying, acquiring
and developing undervalued businesses or assets.
In
commenting on Ninivaggi’s appointment, Carl C. Icahn, Chairman of Icahn
Enterprises G.P. Inc., stated “I have known Dan for a number of years
and have always been impressed by his intelligence, ability and work
ethic. I believe he will be a great addition to the IEP team and look
forward to working with him.”
Speaking
about his appointment, Ninivaggi commented “I’m excited to work with Carl and
the other members of the Icahn organization to realize the full potential of the
businesses of Icahn Enterprises L.P. and its portfolio companies. I believe
there are excellent opportunities to grow the company’s existing operations,
identify new operating platforms and enhance shareholder value.”
Ninivaggi
previously served as Executive Vice President of Lear Corporation (NYSE:LEA), a
leading global supplier of automotive seating and electrical power management
systems. Prior to that, Ninivaggi was a Partner at the law firm of
Winston & Strawn LLP, specializing in mergers and acquisitions and corporate
finance. Ninivaggi also serves as a director of CIT Group Inc.
(NYSE:CIT).
Ninivaggi
received a Bachelor of Arts degree from Columbia University, a Master of
Business Administration from the University of Chicago Graduate School of
Business, and a law degree from Stanford Law School.
Icahn Enterprises L.P. (NYSE: IEP), a
master limited partnership, is a diversified holding company engaged in seven
primary business segments: Investment Management, Automotive, Metals, Real
Estate, Home Fashion, Railcar and Food/Packaging.
This
release contains certain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, many of which are beyond our
ability to control or predict. Forward-looking statements may be identified by
words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “will” or words of similar meaning and include, but are not limited
to, statements about the expected future business and financial performance of
Icahn Enterprises L.P. and its subsidiaries. Among these risks and uncertainties
are risks related to economic downturns, substantial competition and rising
operating costs; risks related to our investment management activities,
including the nature of the investments made by the private funds we manage,
losses in the private funds and loss of key employees; risks related to our
automotive activities, including exposure to adverse conditions in the
automotive industry, and risks related to operations in foreign countries; risks
related to our scrap metals activities, including potential environmental
exposure; risks related to our real estate activities, including the extent of
any tenant bankruptcies and insolvencies; risks related to our home fashion
operations, including changes in the availability and price of raw materials,
and changes in transportation costs and delivery times; and other risks and
uncertainties detailed from time to time in our filings with the SEC. We
undertake no obligation to publicly update or review any forward-looking
information, whether as a result of new information, future developments or
otherwise.