Mantle Ridge Champions New Leadership for Air Products

Mantle Ridge Unveils Director Nominees and Vision

Mantle Ridge LP has recently released a compelling video series intended to spotlight their independent director nominees and outline solutions for the challenges facing Air Products and Chemicals, Inc. This initiative comes as Mantle Ridge, an influential stakeholder, seeks to drive significant improvements in the company's performance.

Meet the Nominees

The series introduces four independent nominees for the Air Products Board: Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley. Additionally, the videos feature insights on proposed CEO candidate Eduardo Menezes. These individuals are poised to bring a wealth of experience and a fresh perspective to the board, aiming to guide Air Products toward recovery and growth.

Expert Insights Highlight the Need for Change

The video series also includes valuable commentary from Ricardo Malfitano, former Executive Vice President of Praxair. His perspectives on the capabilities of Menezes and Reilley add credence to Mantle Ridge's recommendations, emphasizing the potential for substantial improvement under new leadership.

Addressing Air Products’ Underperformance

The videos detail the reasons behind Air Products' recent performance struggles under its current leadership. Mantle Ridge advocates for a new direction, asserting that the proposed nominees have the qualifications and vision necessary to navigate the company past its recent obstacles. Leadership change is being presented as a critical step toward revitalizing Air Products and achieving long-term shareholder value.

Call to Action for Shareholders

In a strong call to action, Mantle Ridge urges shareholders to support their nominees by voting the BLUE proxy card "FOR" the proposed directors, while also recommending to "WITHHOLD" votes for current company nominees, such as Charles Cogut, Lisa A. Davis, Seifollah Ghasemi, and Edward L. Monser. This clear directive aims to consolidate support behind leadership that is committed to transformation.

Accessing the Video Series

Investors and stakeholders are encouraged to view the videos along with other related materials available on Mantle Ridge's dedicated platform. This accessibility ensures that shareholders are well-informed ahead of the upcoming annual meeting.

Mantle Ridge’s Commitment to Long-Term Value

Mantle Ridge was founded in 2016 with a commitment to stewardship and long-term investment. The firm focuses on enhancing value for all stakeholders while maintaining an ownership position for the long haul. Their collaborative approach with company boards highlights their dedication to fostering sustainable growth.

Past Engagements Show Proven Success

With a history of successful interventions in prominent companies, Mantle Ridge's strategies have yielded positive outcomes in previous engagements, including those with notable firms such as CSX Corporation and Dollar Tree. Their well-rounded experience positions them favorably as they seek change at Air Products.

Frequently Asked Questions

What prompted Mantle Ridge to launch this video series?

Mantle Ridge aims to introduce their nominees and showcase the need for change within Air Products' leadership to improve company performance.

Who are the key nominees presented by Mantle Ridge?

The nominees include Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley, with Eduardo Menezes suggested as the new CEO candidate.

What insights does Ricardo Malfitano provide in the series?

Malfitano shares his perspectives on the qualifications of Manezes and Reilley, further underscoring the need for change at Air Products.

How does Mantle Ridge suggest shareholders vote?

Shareholders are encouraged to vote the BLUE proxy card "FOR" Mantle Ridge's nominees and to "WITHHOLD" votes for the current company nominees.

What is the long-term vision of Mantle Ridge?

Mantle Ridge is focused on creating durable long-term value for all stakeholders through cooperative engagement with corporate boards.

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