Air Products & Chemicals Taps Linde VP for Chief Executive

Dow Jones

02-04

By Dean Seal

Air Products & Chemicals has named a new chief executive after activist investor Mantle Ridge successfully ousted its longtime chief.

The provider of essential industrial gasses and chemicals said Tuesday that Eduardo Menezes has been appointed CEO, effective Feb. 7, and will join the board. He was previously an executive vice president for chemicals heavyweight Linde.

Menezes succeeds Seifollah Ghasemi, who had served as CEO for more than a decade. Shareholders voted Ghasemi off the board last month after a push by Paul Hilal's Mantle Ridge, which built a more than $1 billion stake in Air Products last year and pushed for Ghasemi departure.

Mantle Ridge also secured three seats on the industrial gas manufacturer's board. Hilal has taken one of those seats, alongside Dennis Reilley and Andrew Evans.

The company said Tuesday that Reilley has been named vice chairman. Wayne Smith, a director since 2021, has been appointed chairman.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 04, 2025 09:42 ET (14:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Wayne Smith, a director since 2021, has been appointed chairman. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2025 09:42 ET (14:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air Products & Chemicals Taps Linde VP for Chief Executive</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir Products & Chemicals Taps Linde VP for Chief Executive\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-02-04 22:42</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Air Products &amp; Chemicals has named a new chief executive after activist investor Mantle Ridge successfully ousted its longtime chief. \n</p>\n<p>\n  The provider of essential industrial gasses and chemicals said Tuesday that Eduardo Menezes has been appointed CEO, effective Feb. 7, and will join the board. He was previously an executive vice president for chemicals heavyweight Linde. \n</p>\n<p>\n  Menezes succeeds Seifollah Ghasemi, who had served as CEO for more than a decade. Shareholders voted Ghasemi off the board last month after a push by Paul Hilal's Mantle Ridge, which built a more than $1 billion stake in Air Products last year and pushed for Ghasemi departure. \n</p>\n<p>\n  Mantle Ridge also secured three seats on the industrial gas manufacturer's board. Hilal has taken one of those seats, alongside Dennis Reilley and Andrew Evans. \n</p>\n<p>\n  The company said Tuesday that Reilley has been named vice chairman. Wayne Smith, a director since 2021, has been appointed chairman. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2025 09:42 ET (14:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670627923.USD","symbol_name":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508457635","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508457635","pubTimestamp":1738680120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Air Products & Chemicals has named a new chief executive after activist investor Mantle Ridge successfully ousted its longtime chief.The provider of essential industrial gasses and chemicals said Tuesday that Eduardo Menezes has been appointed CEO, effective Feb. 7, and will join the board. 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He was previously an executive vice president for chemicals heavyweight Linde. \n\n\n  Menezes succeeds Seifollah Ghasemi, who had served as CEO for more than a decade. Shareholders voted Ghasemi off the board last month after a push by Paul Hilal's Mantle Ridge, which built a more than $1 billion stake in Air Products last year and pushed for Ghasemi departure. \n\n\n  Mantle Ridge also secured three seats on the industrial gas manufacturer's board. Hilal has taken one of those seats, alongside Dennis Reilley and Andrew Evans. \n\n\n  The company said Tuesday that Reilley has been named vice chairman. Wayne Smith, a director since 2021, has been appointed chairman. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 04, 2025 09:42 ET (14:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}