The finance chiefs of industrial gases groups Linde and Praxair will meet soon to sort out a row over the future of Linde’s engineering division after the planned merger of the two companies, Linde’s chief executive said on Friday.
Praxair’s CFO Matthew White, who is likely to become finance chief of the combined group, was reported on Thursday to have told investors that the plant-engineering unit, along with U.S. medical gases division Lincare, could be divested.
Linde says they will remain part of the group for now.
“We haven’t talked to Mr White but… (Linde CFO Sven) Schneider is going to meet Mr White soon and surely we are going to challenge him about this statement in order to give him a chance to build up trust again,” Linde CEO Aldo Belloni told a news conference.
By Georgina Prodhan
Source: Reuters
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
