Daniel A. Ninivaggi

Daniel A. (Dan) Ninivaggi (born June 27, 1964) is an American lawyer and business executive. Ninivaggi served in various executive positions with Lear Corporation, a U.S.-based Tier 1 automotive supplier. He then served as President and CEO of Icahn Enterprises L.P., the principal investment vehicle of U.S. billionaire Carl C. Icahn, from 2010 to 2014. From February 2014 to March 2017, Ninivaggi was Co-Chief Executive Officer and Co-Chairman of the Board of Directors of Federal-Mogul Holdings Corporation, based in Southfield, Michigan, USA. On March 8th, 2017 Ninivaggi assumed the role of managing partner of the automotive segment of Icahn Enterprises L.P., which owns Federal-Mogul. He presently serves as CEO of Icahn Automotive Group LLC, owner of automotive distribution and service businesses, including Pep Boys. [1] Ninivaggi has served on the Board of Directors of Hertz Global Holdings, Inc. since 2014. [2]

Ninivaggi was born on June 27, 1964 in New York City and was raised in New York City and its suburbs. He earned a bachelor of arts degree in history from Columbia University in 1986. He went on to complete a master's degree in business administration from the University of Chicago in 1988 and a law degree from Stanford Law School in 1991.

Ninivaggi started his career as an attorney with Skadden, Arps, Slate, Meagher & Flom (Chicago) and, thereafter, Winston & Strawn LLP (New York) where he became a partner in 1998, specializing in corporate finance and mergers and acquisitions.

Ninivaggi first met Icahn while he was an executive at Lear Corporation. Icahn became a major investor in 2005 and ultimately made an offer to acquire the company for a significant premium. Management of Lear, including Ninivaggi, supported the take-over bid, arguing that there were major risks to the U.S. auto industry at the time and that Icahn’s proposal of over $5.3 billion constituted fair value. Shareholders rejected the deal in mid-2007. At the time, it was one of the largest corporate take-overs that was voted down by shareholders. Within months of the shareholder vote, the global economy began to deteriorate, the banking crisis ensued and Lear (as well as two of its largest customers, General Motors and Chrysler) were forced to file for bankruptcy protection. Ninivaggi resigned from Lear the week it filed for bankruptcy and returned to the practice of law at Winston & Strawn LLP.

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