Radical investors apply pressure! Air Products announces nomination of two independent directors.

Under sustained pressure from activist investors, Air Products has begun restructuring its board of directors and announced the nomination of two new independent directors. According to a press release cited by the China Refrigeration Expo from Air Products’ official website, on Monday (November 18), Air Products nominated Bob Patel and Alfred Stern for election to its Board of Directors at the upcoming Annual General Meeting. Both executives bring extensive experience leading large, publicly traded industrial companies. Air Products stated that the two independent director candidates will contribute rich experience in leadership and oversight of public companies, as well as deep expertise in operating complex global businesses within the chemicals and energy sectors. Bob Patel previously served as CEO of W.R. Grace and LyondellBasell, and as former Chairman of Standard Industries. He brings 35 years of global experience in the chemical and materials industries, along with extensive experience serving on public company boards and leading large-scale global corporate transformations. Alfred Stern is CEO and Chairman of the Executive Board of OMV Group, Chairman of the Supervisory Board of OMV Petrom, and former CEO of Borealis. He possesses 29 years of experience leading global energy and chemical companies through transformation and international projects. Meanwhile, Air Products also announced that current directors David H.Y. Ho and Matthew H. Paul will not stand for re-election at the 2025 Annual Meeting. Following these changes, the Board will continue to comprise nine directors, six of whom have been appointed within the past five years. Seifi Ghasemi, Chairman, President, and CEO of Air Products, said: “We are delighted to nominate Bob and Alfred to the Air Products Board and welcome their substantial business experience and mature leadership.” He also expressed gratitude to David and Matthew for their service and contributions to Air Products. Air Products faces mounting pressure from activist investors Air Products is facing increasing pressure from hedge fund managers Mantle Ridge and D.E. Shaw, who have criticized the company’s underperforming stock, senior leadership, and capital allocation policies—and urged board restructuring, enhanced management vitality, and refocusing on core business operations. In October, activist investors Mantle Ridge and globally renowned hedge fund D.E. Shaw separately announced they had collectively acquired $1 billion worth of Air Products shares, calling on the company to cut costs, concentrate on core operations, and pave the way for new leadership. A shared objective of both activist investors is to push Air Products to establish a clear succession plan for its current 80-year-old CEO, Seifi Ghasemi—one of the oldest CEOs among S&P 500 component companies. Earlier, Reuters, citing informed sources, reported that two former Linde executives—Dennis Reilley and Eduardo Menezes—would join Mantle Ridge’s campaign to restructure Air Products’ management and board.

How should EPA registration be handled for exporting Refrigeration, Air Conditioning, and Heat Pump (RACHP) products to the United States?

Products containing hydrofluorocarbons (HFCs)—including refrigeration, air conditioning, and heat pump (RACHP) equipment; foam products; and aerosols—must submit annual reports starting in 2025. These reports must include: • Identity of the substance (e.g., HFC-134a) and its charge quantity; • Number of units manufactured, imported, or exported; • For closed-cell foam products, the identity and mass of regulated substances contained in the foam; • Total mass (in metric tons) of each regulated substance used in manufacturing, importing, or exporting such products. Reports must be submitted online via the U.S. Environmental Protection Agency’s (EPA) Central Data Exchange (CDX) system. Specific reporting forms are available on the EPA’s homepage.

Air Products and Chemicals Inc Director Dennis H. Reilley Files Form 4

Oct 23, 2026

Air Products and Chemicals Inc disclosed a Form 4 filing for Director Dennis H. Reilley regarding stock transactions ending September 30. The filing was submitted on October 23, 2026.

Investing.com Nigeria

Air Products and Chemicals Inc Director Dennis H. Reilley Files Form 4

Investing.com UK

Air Products and Chemicals Inc Director Dennis H. Reilley Files Form 4

Investing.com Canada

2026-04-09

UBS Adjusts Price Target on Air Products and Chemicals to $307 From $285, Maintains Neutral Rating

2026-04-09

Air Products and Chemicals (NYSE:APD) Given New $307.00 Price Target at UBS Group

2026-04-11

Air Products Tops Turnover Chart as $260 Million Surge Signals Deep Institutional Faith in Hydrogen Future