Linde AG Shuffles Management
December 06 2018 - 7:48AM
Dow Jones News
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)
Copyright (c) 2018 Dow Jones & Company, Inc.
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