Air Products and Chemicals, Inc (APD) has seen a lot of turmoil as it engages in a board and leadership shake-up on the back of activist company
Mantle Ridge winning shareholder's support for its board nominees. This followed a phase of underperformance and raised questions concerning the company’s leadership. In response to this, APD has urged shareholders to protect the company's stability and outlined a
CEO succession plan in order to gain control over the company's future direction. As part of this vision, they announced several initiatives, including a major deal with
TotalEnergies for a Green Hydrogen project, enhancing the value proposition of APD. Amid these changes, APD has seen its stock outperform competitors, its rating being increased to Outperform, and has even set a new 12-month high. The company also announced
dividend increases and an
expansion of its Manufacturing & Logistics Center, underpinning commitment to ongoing growth. Nonetheless, the company continues to face challenges including being cut to Neutral by Bank of America, and having its
CEO, Seifi Ghasemi, unseated.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 01 Feb 2025 17:30:38 GMT -
Rating 5
- Innovation 0
- Information 8
- Rumor -2
