Mantle Ridge LP, which, together with its affiliates, beneficially owns approximately $1.3B of the outstanding common shares of Air Products (APD) and Chemicals, released a comprehensive presentation highlighting the urgent need for change on Air Products’ board of directors following years of underperformance, dysfunctional governance, and its failures to have effected a transition from Chairman and CEO Seifi Ghasemi or rein in his misguided, value-destructive, and high-risk capital allocation strategy.
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Read More on APD:
- Air Products board urges shareholders to vote on the white proxy card
- Mantle Ridge nominates four directors to Air Products’ board
- Mantle Ridge seeks restructuring of Air Products board for ‘better’ performance
- Air Products & Chemicals (NYSE:APD) Is a Rising Dividend Aristocrat Worth Watching
- Air Products and Chemicals Faces Potential Turmoil Amid Mantle Ridge’s Proxy Challenge
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