First Brands CEO Patrick James to Resign Immediately (1)

(Updates from the second bullet.)

First Brands names Charles Moore as interim CEO, succeeding founder Patrick James who has resigned from company.

• Company focused on stabilizing global operations
• Moore has served as Chief Restructuring Officer since Sept.
• Moore will work with management team and advisers to oversee operational stabilization initiatives and facilitate a court-supervised sale process
• No other changes to First Brands’ executive leadership team at this time
• “We remain laser-focused on operational execution while we take the necessary steps to conduct an investigation into the past use of various financing instruments and facilitate a sale process designed to deliver ...