Mantle Ridge Wins 3 Air Products Board Seats

Investors oust Ghasemi as Air Products Chair amid clean hydrogen challenge
Air Products boss, Seifi Ghasemi has been ousted as Chair of the US industrial gas major after its shareholders elected board nominees from activist investor Mantle Ridge, but he will remain CEO for now.
Mantle Ridge Wins Three Air Products Board Seats as CEO Ghasemi Unseated
Mantle Ridge has been pushing for changes at Air Products, including the replacement of Seifi Ghasemi as chairman and CEO and improvements to the company’s strategy and capital allocation.
Air Products CEO ousted from board in power struggle, but will remain in interim capacity
Based on preliminary results released Thursday, Air Products announced the company’s new board of directors which, for the first time in more than a decade, does not include Chair and CEO
Air Products loses boardroom fight
Change is coming for Air Products and Chemicals after the industrial gas company lost a boardroom fight with the activist investment firm Mantle Ridge. This site uses cookies to enhance your user experience. By continuing to use this site you are agreeing to our COOKIE POLICY.
Air Products to split CEO, Chair positions after activist pressure
Air Products (NYSE:APD) +1.7% in Friday's trading after saying it will separate the CEO and Chair roles and appoint a new independent Chair, amid pressure from activist investor Mantle Ridge to lay out a succession plan for the top job.
Activist Wins Three Board Seats at Air Products, Including the CEO’s
Activist investor Mantle Ridge has secured three board seats and effectively ousted the chief executive of Air Products and Chemicals after a shareholder vote. Paul Hilal’s firm last year [built a mor
Boardroom Bloodbath: Activist Investor Ousts Air Products CEO in Power Struggle
Mantle Ridge shakes up Air Products (APD), securing board seats and pushing for a CEO change--what's next for the $71B giant?
Air Products CEO unseated from board; Activist investors win 3 seats
Mantle Ridge owns about $1.3 billion (or about 1.8%) in common shares of Air Products stock. It had waged a months-long campaign, calling for major changes at the industrial gas company, which is headquartered in Upper Macungie Township.
Air Products loses proxy fight to Mantle Ridge, CEO stays for now
Air Products and Chemicals shareholders on Thursday handed victory to an activist investor who had pushed the industrial gases company to replace its 80-year-old chief, by electing three new directors and unseating the CEO from the board.
Mantle Ridge Capital Management secures three board seats at Air Products - Reuters
Shareholders of Air Products and Chemicals (NASDAQ:NYSE:APD) on Thursday elected three out of four director candidates proposed by activist investor Mantle Ridge Capital Management to the company's nine-member board,
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Ghasemi removed from Air Products board amidst succession scrutiny
Seifi Ghasemi, CEO of Air Products, has been removed from the industrial gas giant’s Board of Directors, following mounting ...
Air Products and Chemicals: Age Is The Wrong Number By Which To Judge A CEO
The United States is having a senior moment. As the country’s oldest president, at age 82, is followed by the second-oldest, ...
Air Products lays out timeline for CEO exit, Neuberger backs dissident slate
Air Products and Chemicals is separating the roles of CEO and chair, as it comes under pressure from an activist investor to lay out a succession plan for the top job.
LAST CHANCE TO VOTE: MANTLE RIDGE ASKS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS TO CAST THEIR VOTE FOR CHANGE AND A BETTER FUTURE
Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc.