Air Products Announces New Board Members After Voting

Air Products Welcomes New Board Members

Air Products (NYSE: APD) recently reported the preliminary results of its Annual Meeting of Shareholders. This event marked a significant transition in the governance of the company, welcoming several new faces to the Board of Directors.

Election Results Overview

Based on the early voting results, shareholders have elected a group of nominees to join the Board of Directors. Those elected include Tonit M. Calaway, Lisa A. Davis, Andrew Evans, Jessica Trocchi Graziano, Paul Hilal, Bhavesh V. Patel, Dennis Reilley, Wayne T. Smith, and Alfred Stern. This new board lineup is set to enhance the company's leadership as it navigates future challenges and opportunities.

New Directors' Contributions

With their diverse backgrounds and extensive experience, this new group of directors is expected to bring valuable insights and strategies to Air Products. The Board's collective knowledge spans various industries, which will be crucial for driving innovation and supporting the company's mission.

Gratitude for Outgoing Directors

In a statement, Air Products expressed gratitude towards the outgoing directors, including Casey Cogut, Seifi Ghasemi, David Ho, Ed Monser, and Matthew Paull. Their dedication and years of service have laid a strong foundation for the company, and their contributions will not be forgotten. The transition of leadership signifies a promising future, built on past achievements.

Commitment to Shareholders

Air Products has emphasized its ongoing commitment to shareholder engagement. The company values the feedback and insights shared by its investors during this process. The leadership team's focus remains on delivering long-term value for all stakeholders involved.

Looking to the Future

Within the coming days, Air Products will disclose final voting results in a Form 8-K filing with the Securities and Exchange Commission. This will ensure transparency and keep all stakeholders informed about the company's governance shifts.

CEO's Role During Transition

As the company undergoes this transformation, Seifi Ghasemi will continue to serve as CEO. His leadership will remain pivotal in guiding the company through this transition period while the Board convenes to establish new committees and address succession planning at the executive level.

About Air Products

Air Products is a leading industrial gases company that has been operational for more than eight decades. With a keen focus on sustainability and innovation, the company aims to provide essential industrial gases and applications expertise across a multitude of sectors, including refining, chemicals, electronics, and healthcare.

Financial Performance

In fiscal 2024, Air Products achieved sales of $12.1 billion, securing a significant market presence in around 50 countries. The company's market capitalization exceeds $65 billion, underscoring its role as a key player in the industrial gases market. Air Products employs about 23,000 dedicated individuals who are committed to creating innovative solutions that benefit both the economy and the environment.

Frequently Asked Questions

What are the key outcomes of the recent shareholder meeting?

The shareholder meeting resulted in the election of several new board members and acknowledgment of outgoing directors for their contributions.

Who are the new members of the Board of Directors?

The new board members include Tonit M. Calaway, Lisa A. Davis, Andrew Evans, among others, each bringing a wealth of experience.

What is the significance of these elections for Air Products?

The elections mark a critical point in the company's governance and showcase a fresh perspective to drive future growth and sustainability.

How has Air Products demonstrated its commitment to shareholders?

Air Products has engaged in open dialogue with shareholders, valuing their input and striving to enhance long-term shareholder value.

What role will the CEO play during this transition?

Seifi Ghasemi will remain as CEO to ensure continuity in leadership as the newly elected board organizes and sets priorities.

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