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.

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

Activist investor Mantle Ridge has won three board seats at Air Products & Chemicals in a shareholder vote that also saw the ouster of the industrial gas maker's chairman and lead independent director from the board.

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

Mantle Ridge shakes up Air Products (APD), securing board seats and pushing for a CEO change--what's next for the $71B giant?

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.

Activist investor Mantle Ridge has won three seats on the board of hydrogen supplier Air Products and Chemicals Inc.

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. (NYSE: APD) ("Air Products" or the "Company"),

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.