Chairman of the Board and Chief Executive Officer Federal-Mogul Corporation (Retired) (Deceased) – Detroit, Michigan
Thomas F. Russell heads a multinational firm with products that range from a variety of precision parts for the transportation, farm equipment, construction and manufacturing industries, to aerospace and nuclear components. He rose to the chairmanship through a series of financial, staff and line positions, beginning as an office boy in 1942. His special contributions to education and the philosophy of private enterprise are demonstrated with service on the boards of several organizations and institutions; among them the Business/Education Alliance; Institute for Economic Education; United Foundation and numerous civic and arts boards. His sound business judgement and strong moral purpose have made significant contributions to the success of not only Federal-Mogul Corporation, but also to every project and venture he serves. “Our free enterprise system has generated more benefits to more people than any other device of its kind in the history of civilization.”