Sector News

Air Products extends term of Seifi Ghasemi

November 15, 2017
Chemical Value Chain

Air Products Board of Directors has announced that it has entered an amended and restated employment agreement with Air Products’ Chairmen, President and CEO, Seifi Ghasemi. The new agreement extends Ghasemi’s term through to 30th September 2022.

Ghasemi was named Chairman, President and CEO in 2014. He has led the Company through a transformation over the past three years to industry leading safety and financial performance.

Commenting on the Board’s action, Chad Deaton, Lead Director, said, “Seifi is an extraordinary leader and strategist who has built strong relationships with customers, investors and employees based on his track record of consistently delivering on commitments. The Board is taking this action now to assure Air Products’ stakeholders that the company will have strong and stable leadership to continue the transformation that has been underway and deploy the Company’s significant investment capacity arising from its recent divestitures and strong cash flow.”

“It has been an honour to lead Air Products over the past three years, and I am excited about the opportunity to continue to work with this great team to secure Air Products’ place as the safest, most diverse and most profitable industrial gas company in the world, providing excellent service to our customers,” said Ghasemi.

By Jemima Owen-Jones

Source: gasworld

comments closed

Related News

June 24, 2022

BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany

Chemical Value Chain

BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.

June 24, 2022

Clariant restructures business units, reorganizes leadership

Chemical Value Chain

Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.

June 24, 2022

Chemicals & Plastics Procurement: what to expect in the second half of 2022

Chemical Value Chain

Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.