The CEO of auto supplier First Brands Group, Patrick James, has resigned amidst a bankruptcy crisis that’s causing financial pain worldwide. He leaves behind $10 billion in debt for others to clean up. James stepped down as CEO after a week of its sudden collapse affected top Wall Street firms, leaving the task of untangling the company’s complex finances to restructuring expert Charles Moore, who was hired last month.
Source: https://www.bloomberg.com/news/articles/2025-10-13/first-brands-founder-patrick-james-resigns-as-ceo