LEHIGH VALLEY, Pa.,
July 9, 2021 /PRNewswire/ -- Air
Products (NYSE:APD) today announced that Executive Vice President
and Chief Financial Officer (CFO) Scott
Crocco plans to retire on September
30, 2021 following a distinguished, 31-year career with the
Company and that Melissa Schaeffer
will succeed him as Senior Vice President and CFO on August 10, 2021.
The transition will see Schaeffer assuming leadership
responsibility for various aspects of Air Products' worldwide
financial organization―including Controllership, Accounting,
Treasury, Tax, Audit, and Shared Business Services. Schaeffer will
report to Air Products' Chairman, President and Chief Executive
Officer Seifi Ghasemi.
Commenting on the transition, Ghasemi said, "Looking back over
the past seven years of my tenure at Air Products, it is easy to
see the deep and lasting impact Scott has had in driving Air
Products to become the most profitable industrial gas company in
the world. It has been a privilege to work alongside him each day,
with his relentless focus on creating value for our shareholders
through strong cash flows, strategic capital deployment, and
consecutive dividend increases. Most recently, he has led our
efforts to position the financing in readiness for the successful
closing of the Jazan gasification and power project. Scott's
broader journey over more than three decades with Air Products,
which started with him as a participant in the Career Development
Program, shows that the opportunities for talented, motivated and
committed individuals are limitless at Air Products.
"Now, as Air Products continues to pursue and win significant
growth opportunities around the world, I am delighted Melissa is
transitioning into the role. She brings tremendous leadership
skills; deep, global experience across various aspects of Finance
and business; and most importantly, a passion to be the best and to
help everyone reach their full potential. I am confident she is the
right person with the right skills to continue moving Air Products
forward as the global leader providing solutions to the world's
most significant energy and environmental challenges," Ghasemi
added.
Schaeffer joined Air Products in June
2016 as vice president, chief audit executive, responsible
for leading the Company's Audit team, executing proactive
compliance monitoring activities, leading investigations, and the
Sarbanes Oxley (SOX) compliance program. In 2020, she was appointed
vice president, Finance—GEMTE, Americas, Middle East, and India. This role includes financial
responsibility for the Americas, the Company's largest reporting
segment, and accountability for financial controllership, financial
planning, and analysis-based decision support of the Technology,
Engineering, Project Execution, Procurement, Manufacturing,
Construction and Start-up functions, as well as Equipment Sales and
Plant Support, Liquefied Natural Gas technology and equipment,
PRISM® Membrane Systems, Gardner Cryogenics and Rotoflow
businesses.
Prior to joining Air Products, Schaeffer held the position of
global director, Internal Audit, at Trinseo. She was also employed
for 10 years at Ernst & Young, and prior to that, was employed
by Siemens, where she participated in a finance leadership
development program. She holds a degree in Finance and
Accounting from Indiana University and
an MBA from Villanova University.
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for 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; carbon capture projects; and
world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $65
billion. More than 19,000 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 www.airproducts.com or follow us on LinkedIn, Twitter,
Facebook, or Instagram.
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SOURCE Air Products