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Markets :: Industrial Gases

Air Products says search for CEO on track

9:29 AM MDT | April 24, 2014 | Lindsay Frost

Air Products told investors on its earnings call 23 April that the search for its next CEO continues. Air Products announced last September that current CEO John McGlade will retire this year as part of an agreement with its largest investor, activist hedge fund Pershing Square (New York). The agreement with Pershing Square requires McGlade to step down as Air Products chairman and from the board by 30 June.  One analyst questioned why the search was taking so long on the company's investor call Wednesday. “This board and the search committee...

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