Back to today’s briefing

Story perspectives

Air Products Shareholders Oust Chair, Embrace Activist Investor

1/24/2025

43 4

Summary

Story summary

Air Products shareholders rejected the reelection of Chairperson Seifi Ghasemi, who continues as interim CEO.
Activist investor Mantle Ridge secured three board seats, advocating for strategic reforms.
The newly formed board will select a chair and manage CEO succession.
Air Products, located in the Lehigh Valley, employs 2,000 people and generated $12.1 billion in revenue for fiscal year 2024.

1 of 1

Story summary

Air Products shareholders rejected the reelection of Chairperson Seifi Ghasemi, who continues as interim CEO.
Activist investor Mantle Ridge secured three board seats, advocating for strategic reforms.
The newly formed board will select a chair and manage CEO succession.
Air Products, located in the Lehigh Valley, employs 2,000 people and generated $12.1 billion in revenue for fiscal year 2024.