Linde Names Sanjiv Lamba as Chief Executive, Steve Angel Becomes Chairman -- Update
October 25 2021 - 12:16PM
Dow Jones News
By Ed Frankl
Linde PLC on Monday appointed Sanjiv Lamba to succeed Steve
Angel as chief executive, with Mr. Angel taking over from Wolfgang
Reitzle as the multinational chemical company's new chairman.
Both appointments are effective March 1, 2022, the Guildford,
England-based company said.
Mr. Lamba, a Linde veteran of more than 30 years, is the
company's current chief operating officer, having been appointed in
October 2020.
"Linde is exceptionally well-positioned to capitalize on
profitable growth opportunities in several end markets, including
electronics, healthcare and clean energy," Mr. Lamba said.
Mr. Angel has been Linde's CEO since October 2018, having led
the merger of Linde and U.S.-based Praxair. He had been Praxair
boss since 2007.
"I'm confident that under Sanjiv's leadership, Linde will
maintain our high-performance culture, aggressively implement our
new sustainability goals and leverage the many growth opportunities
we have in front of us," Mr. Angel said.
Current chairman Mr. Reitzle is leaving Linde after nearly 20
years at the company. Separately, Linde's board elected as new
directors former Siemens CEO Joe Kaeser and Alberto Weisser, the
former boss of Bunge Ltd.
The company also added a sustainability committee, responsible
for board oversight of policies related to greenhouse-gas reduction
goals and decarbonization, such as clean hydrogen and carbon
capture. In addition, the company declared a dividend of $1.06 per
share for the fourth quarter, payable on Dec. 17.
Linde is due to report third-quarter earnings on Oct. 28.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 25, 2021 12:01 ET (16:01 GMT)
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