Exclusive-Mantle Ridge nominates new board for Air Products, pushes for new CEO [Yahoo! Finance Canada]
Air Products and Chemicals, Inc. (APD)
Last air products and chemicals, inc. earnings: 4/23 06:00 am
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Source: Yahoo! Finance Canada
Svea Herbst-Bayliss 3 min read By Svea Herbst-Bayliss NEW YORK (Reuters) - Mantle Ridge has nominated nine directors to replace the board at Air Products and Chemicals, with the activist investor pushing the industrial gases maker to name a new CEO, shift its capital allocation and abandon riskier projects. The nominees include Paul Hilal, Mantle Ridge's founder and CEO, and Dennis Reilley a former executive at rival gases maker Linde who has been identified for a possible leadership role, according to documents seen by Reuters and sources familiar with the matter. The others are executives with experience in energy, decarbonization, finance and mergers and acquisitions who have served on public company boards and are independent. Mantle Ridge wants to replace the company's CEO and has named Eduardo Menezes, a former executive vice president for Europe, Middle East and Africa at Linde, as a suitable candidate. Menezes is not one of Mantle Ridge's board candidates. Air P
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