Recent news reports signify noteworthy changes and movements concerning
Air Products & Chemicals (APD). Eduardo F. Menezes is appointed as the new CEO, replacing the former executive Seifi Ghasemi. An insider sold shares worth $474,255 based on an SEC filing, along with other significant stock movements by top executives. APD's shares saw an acquisition by Kestra Investment Management LLC, and the Q1 earnings for APD matched estimates. Mantle Ridge, an activist investor, nominated four directors and demanded a board overhaul and criticized APD's leadership. Amid this, APD too has urged shareholders to back board nominees and protect the company's stability. They also defend their leadership strategy and announce a clear CEO succession plan.
Decarbonization solutions are reportedly being developed by APD, and the company has trials with Mercedes-Benz Genh2 Trucks regarding a pioneering hydrogen refuelling project. Despite the executive shake-ups,
APD's stocks have been doing well, demonstrating strong margins in their Q1 2025 earnings call, and its shares scale a 52-week high. Finally, they declared a quarterly dividend of $1.77, payable in February 2025.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 22 Feb 2025 02:17:43 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -4
