LIN Linde PLC

    By Cristina Roca 
 

Linde AG said on Thursday that Sven Schneider will head its executive board when the Hold Separate Order, ordered by the U.S. Federal Trade Commission relating to the company's merger with Praxair, expires.

The German gas-and-engineering company said that the chairman of its executive board, Aldo Belloni, will leave when the hold order expires.

Mr. Schneider will also replace Mr. Belloni on the board as labor relations director on the same date, Linde said. Mr. Schneider is currently chief financial officer at Linde, the company said.

Linde AG's proposed merger with Praxair was approved by the FTC in October. The hold order will cease to apply when divestments related to the merger are completed. The merged companies form the basis for the new entity, Linde PLC (LIN.XE).

When the hold order expires, Bernd Eulitz, who is currently responsible for EMEA gases, will take responsibility of the Americas gases business and the Lincare business unit, Linde said.

On the same date, Eduardo F. Menezes will be appointed to the executive board and take responsibility for the EMEA gases business, Linde said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

December 06, 2018 07:33 ET (12:33 GMT)

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