Mantle Ridge's Call to Action for Air Products Shareholders

Mantle Ridge Urges Action from Air Products Shareholders

Mantle Ridge LP is reaching out to shareholders and employees of Air Products and Chemicals, Inc., inviting them to take part in a significant decision that could shape the future of the company. This open letter emphasizes the importance of shareholder participation in selecting directors who can steer the company toward increased value and performance.

Commitment to Constructive Collaboration

In the letter, Mantle Ridge reaffirms its commitment to working collaboratively with Air Products' existing directors as part of a newly appointed Board. Their aim is to foster an environment conducive to creating substantial long-term value for everyone involved, especially the shareholders. The letter highlights Mantle Ridge’s objective to support the growth and innovation within Air Products while ensuring that shareholders’ interests remain a priority.

A Call to Support Qualified Nominees

Mantle Ridge is urging shareholders to cast their votes using the BLUE proxy card and to support all four of their nominee directors: Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley. These candidates are presented as exceptionally qualified individuals who, if elected, can bring fresh perspectives and strengthen governance within Air Products.

Understanding the Candidates

The nominees have a proven track record of strategic insight and operational excellence, making them ideal for leading Air Products into a new era of performance. By endorsing these candidates, shareholders can contribute to a reconstitution of the Board that truly understands the dynamics of the company and the challenges it faces in today's competitive landscape.

The Importance of Voting

Voting in this matter is not merely a procedural formality; it signifies a critical step toward ensuring that the governance of Air Products aligns with shareholder interests. Mantle Ridge emphasizes that every vote counts and encourages shareholders to participate actively in this pivotal moment.

About Mantle Ridge

Established in 2016, Mantle Ridge LP stands out as a long-term, engaged owner-steward committed to collaborating closely with boards of directors. Their overarching goal is creating lasting value for all stakeholders. Unlike typical hedge funds, Mantle Ridge approaches investments with the intent of sustaining ownership for the long haul, prioritizing the interests of shareholders above all else.

Future Aspirations

Mantle Ridge is dedicated to enhancing Air Products' operational performance. They believe that with the right leadership in place, the company can significantly boost its market position and utilization of resources, leading to greater shareholder satisfaction and investment returns.

Frequently Asked Questions

What is the purpose of Mantle Ridge's letter?

The letter aims to inform shareholders and employees about the importance of participating in the upcoming board election and to support qualified director nominees.

Who are the nominees put forward by Mantle Ridge?

The nominees include Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley, all of whom have exemplary credentials and experience.

Why should shareholders vote for Mantle Ridge's nominees?

The nominees are seen as crucial for fostering a board that prioritizes shareholder interests and works towards the long-term growth of Air Products.

What does Mantle Ridge hope to achieve?

They seek to enhance Air Products' performance, ensuring sustainable value creation for shareholders through effective governance.

How can shareholders vote?

Shareholders are encouraged to use the BLUE proxy card to cast their vote in favor of Mantle Ridge's nominated candidates.

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