Markets :: Industrial Gases
Air Products CEO to retire, new directors named to board
4:44 PM MDT | October 2, 2013 | Lindsay Frost
Air Products announced today that its CEO John McGlade will retire in 2014 and the company will name three new independent directors to its board of directors. The company has been under pressure since activist firm Pershing Square Capital Management (New York), a $10-billion hedge fund run by activist investor Bill Ackman, took a 9.8% stake in the company in August for $2.2 billion—making it Air Products' largest shareholder. The board formed a search committee and will commence a search with the help of a leading executive search firm, the company...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee