Air Products and Chemicals(APD)

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Air Products' Board of Directors Issues Response to Mantle Ridge
Prnewswire· 2025-01-08 22:15
LEHIGH VALLEY, Pa., Jan. 8, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) Board of Directors today issued the following statement in response to Mantle Ridge's Shareholder letter, issued today:Mantle Ridge is proposing that Air Products be controlled by Mantle Ridge's hand-picked candidates for CEO and Chairman. This should be troubling to all Air Products shareholders for the following reasons: Mantle Ridge Chairman nominee Dennis Reilley has not held a management position in 18 years and would be coming i ...
Mantle Ridge Issues Shareholder Letter Outlining the Path Forward for Air Products and Chemicals, Inc.
Prnewswire· 2025-01-08 12:00
Explains How Implementing Best-In-Class Linde/Praxair Operating Model Authored by Dennis Reilley Can Re-Establish a Culture of Excellence, Relentless Cost Focus, Disciplined Capital Allocation and Project Execution to Deliver Exceptional Value for Air Products' ShareholdersBelieves "Dream Team" of Dennis Reilley and Eduardo Menezes Would Bring the Specialized Skills, Deep Industry Knowledge, and Sound Judgement Necessary to Lead Air Products TodayMantle's Ridge's Four Highly Qualified Director Nominees – An ...
Air Products Board of Directors Reiterates Deliberate Succession Planning Process, Superior Quality of its Board Candidates, and Strong Financial Performance
Prnewswire· 2025-01-07 13:30
LEHIGH VALLEY, Pa., Jan. 7, 2025 /PRNewswire/ -- Air Products' (NYSE:APD) Board of Directors today issued the following statement: Air Products is executing on a rigorous CEO succession plan, announced long before Mantle Ridge and D.E. Shaw started advocating for succession, while refreshing its Board with two highly qualified directors at the 2025 Annual Meeting of Shareholders. The Board has clearly articulated a CEO succession plan to ensure a smooth transition between Mr. Ghasemi and his successor and h ...
Mantle Ridge Releases Video Series Introducing Shareholder Nominees and Outlining Solutions for Challenges and Underperformance at Air Products and Chemicals, Inc.
Prnewswire· 2025-01-07 12:14
Mantle Ridge's Proxy Campaign - Mantle Ridge LP, which owns approximately $1.3 billion of Air Products' common shares, has released video interviews with its four director candidates and proposed CEO candidate Eduardo Menezes [2] - The videos present the case for change at Air Products and include commentary from Ricardo Malfitano, Former Executive Vice President of Praxair, regarding Mr Menezes and Mr Reilley [3] - Mantle Ridge urges shareholders to vote the BLUE proxy card "FOR" its four director nominees - Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley - and "WITHHOLD" on the company nominees Charles Cogut, Lisa A Davis, Seifollah "Seifi" Ghasemi and Edward L Monser [4] Mantle Ridge's Background - Mantle Ridge LP is an engaged, long-term owner-steward that works closely with company boards to create durable long-term value for all stakeholders [5] - The firm has raised separate, single-investment, five-year special purpose vehicles to support its previous engagements with companies including CSX Corporation, Aramark, and Dollar Tree [5] Proxy Solicitation Details - Mantle Ridge LP and other participants have filed a definitive proxy statement and accompanying BLUE universal proxy card with the SEC for the election of its slate of director nominees at Air Products' 2025 Annual Meeting [9] - The participants in the proxy solicitation are Mantle Ridge LP, Eagle Fund A1 Ltd, Eagle Advisor LLC, Paul Hilal, Andrew Evans, Tracy McKibben and Dennis Reilley [10]
Mantle Ridge Issues Shareholder Letter: Restoring Integrity is Necessary for Air Products and Chemicals, Inc. to Recover and Return to Prosperity
Prnewswire· 2025-01-06 12:00
Details Some of the Company's Omissions, Obfuscations, and Misleading Statements Concerning Air Products' Performance, Strategy, and Key ProjectsShareholder-Led Board Refreshment is the Necessary First Step Toward Recovering from Damage Done Over Mr. Seifi Ghasemi's Last Five Years as Chairman and CEOAir Products is Not the First Company Led by Mr. Ghasemi to Have Integrity Issues Electing Mantle's Ridge's Four Highly Qualified Director Nominees – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley ...
Here's Why You Should Retain Air Products Stock in Your Portfolio
ZACKS· 2025-01-03 14:15
Air Products and Chemicals, Inc. (APD) benefits from its project investments, productivity actions and new business deals amid the softness in China and Europe.The company’s shares have gained 4.8% over a year compared with the Zacks Chemicals Diversified industry’s 11.2% decline. Image Source: Zacks Investment ResearchLet’s find out why APD stock is worth retaining at the moment.High-return Projects & Productivity Actions Aid Air ProductsAir Products is well-placed to gain from its investments in high-retu ...
The D. E. Shaw Group Releases Open Letter to the Board of Directors of Air Products and Chemicals
Prnewswire· 2025-01-03 13:00
Expresses Disappointment with the Board's Failure to Manage an Effective CEO Succession ProcessAnnounces Intention to Support Change at the 2025 Annual MeetingNEW YORK, Jan. 3, 2025 /PRNewswire/ -- The D. E. Shaw group ("D. E. Shaw"), a global investment and technology development firm with more than $65 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter to the Board of Directors of Air Products and Chemicals, Inc. (NYSE: APD) (the ...
2 Dividend Stocks and 1 ETF Up Between 8% and 11% That Are Screaming Buys Before the New Year
The Motley Fool· 2024-12-24 13:30
It's been a great year for the broader indexes, but recent market volatility may have some investors wondering if now is a good time to sell stocks.While it's a mistake to let emotions dictate investment decisions, it's always a good idea to ensure that the companies or exchange-traded funds (ETFs) you invest in have what it takes to navigate challenges or even endure a prolonged downturn. That way, you can rest easy knowing your investments are worth holding through periods of volatility.Sherwin-Williams ( ...
Air Products Files Investor Presentation Highlighting Successful Two-Pillar Strategy to Deliver Superior Shareholder Value
Prnewswire· 2024-12-18 21:40
The Company's Board and Management, Under Chairman and CEO Seifi Ghasemi's Leadership, Have Delivered Over $44 Billion in Shareholder Value Creation1 Continues to Successfully Execute Two-Pillar Growth Strategy to Grow Core Industrial Gas Business While Capitalizing on First-Mover Advantage in Clean Hydrogen Market Air Products' Board is Refreshed, Independent and Fit-For-Purpose – Mantle Ridge's Proposed Nominees Would Remove Significant and Relevant Experience and Expertise Mantle Ridge's Proposed Execu ...
Mantle Ridge Releases Investor Presentation Highlighting Need for Change at Air Products and Chemicals, Inc.
Prnewswire· 2024-12-17 14:23
Details Years of Operational Underperformance, Capital Allocation Missteps, Poor Project Execution, and Succession Planning FailuresExplains How Air Products' Decade of Board-Led "Refreshment" Only Deepened Entrenchment and Further Eroded Governance Safeguards; Current Search for New Subordinate to Seifi Ghasemi is Perpetuation of Status QuoExplains How Air Products Can Achieve Long-Term Potential Through Shareholder-Led Board Reconstitution and Bona Fide CEO Succession PlanOffers Compelling Leadership "Dre ...