The company has already aggressively reduced fixed costs, which led to adjusted operating margins growing from 16% in fiscal 2014 to 24.4% in fiscal 2024, marking an over 800-basis-point improvement.

Air Products once billed its $4.5 billion hydrogen facility in Louisiana as a bold step toward a cleaner energy future. But, as The Wall Street Journal writes, since CEO Seifi Ghasemi first unveiled ...

Air Products bet big on the element, but sentiment has soured, costs are snowballing and customers remain elusive.

Last week I covered the story of the ignominious removal of 81 year old Seifi Ghasemi as the CEO of the American industrial gas giant Air Products. Ghasemi’s ejection first started by his ...

Joan Collins, actress. Seifi Ghasemi, the Iranian born CEO of the American company Air Products, was removed from the industrial gas giant’s Board of Directors in January 2025. At the time of ...

Seifi Ghasemi is out as the CEO of Air Products and Chemicals less than 2 weeks after losing control of the board at the industrial gas firm’s annual shareholder meeting. The new board named ...

Seifi Ghasemi is officially out as Air Products CEO, parting ways with the Lehigh Valley industrial gas giant after more than 10 years, unable to escape pressure from activist investors who sought ...

(Reuters) -Industrial gases manufacturer Air Products said on Tuesday it has named former Linde executive Eduardo Menezes as its CEO and will succeed Seifi Ghasemi effective Feb. 7, amid pressure from ...

Last year, Mantle Ridge revealed a $1 billion stake in Air Products and said it would push the company to replace its octogenarian CEO Seifi Ghasemi, restructure the board and improve capital ...

Shareholders at Air Products voted not to reelect Chairperson Seifi Ghasemi to the Lehigh Valley Fortune 500 company’s board of directors, though Ghasemi is expected to remain CEO for an ...

The vote ousted Air Products CEO Seifi Ghasemi and lead director Ed Monser from their seats on the company’s board—a dramatic rebuke for a profitable, publicly traded company. The result ...

With respect to the current Board's succession planning failures and entrenched Chairman & CEO Seifi Ghasemi, ISS stated: "Confoundingly, the board appears to have ceded control of deciding on ...