LEHIGH VALLEY, Pa.,
May 21, 2020 /PRNewswire/ -- Air
Products' (NYSE: APD) Board of Directors today announced an amended
employment agreement with Air Products' chairman, president and
chief executive officer, Seifi
Ghasemi. The new agreement extends Ghasemi's term through
September 30, 2025.
Ghasemi was named chairman, president and chief executive
officer of Air Products in 2014. In November
2017, Air Products entered into an amended and restated
employment agreement with Ghasemi through September 30, 2022. This new amendment agreement
extends Ghasemi's term through September 30,
2025.
Commenting on the Board's action, Chad
Deaton, lead director, said, "Under Seifi's strong
leadership, Air Products continues to perform at an exceptional
level and deliver on its commitments in numerous areas, including
financial performance, global growth, inclusion, technology,
employee development and shareholder returns, to name a
few. The Board understands the importance of maintaining
continuity as the company pursues even greater growth globally, and
clearly, Seifi Ghasemi provides that
strong leadership and direction."
"I am honored to be given the opportunity to lead Air Products
for at least another five years," said Ghasemi. "I cannot imagine a
more professional, dedicated and committed group of people to work
with every day. They are a winning team, and I am proud to be part
it, working together and winning together."
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for nearly
80 years. Focused on serving energy, environment and emerging
markets, the Company provides essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemical, metals, electronics,
manufacturing, and food and beverage. Air Products is also the
global leader in the supply of liquefied natural gas process
technology and equipment. The Company develops, engineers, builds,
owns and operates some of the world's largest industrial gas
projects, including gasification projects that sustainably convert
abundant natural resources into syngas for the production of
high-value power, fuels and chemicals.
The Company had fiscal 2019 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $50
billion. More than 17,000 passionate, talented and committed
employees from diverse backgrounds are driven by Air Products'
higher purpose to create innovative solutions that benefit the
environment, enhance sustainability and address the challenges
facing customers, communities, and the world. For more information,
visit airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and
assumptions as of the date of this release regarding important risk
factors. Actual performance and financial results may differ
materially from projections and estimates expressed in the
forward-looking statements because of many factors not anticipated
by management, including risk factors described in the company's
Form 10K for its fiscal year ended September
30, 2019.
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SOURCE Air Products