Air Products and Chemicals (APD) is facing a period of significant change. The company is going through a CEO change, with
Eduardo F. Menezes appointed. There are ongoing issues with board nominations and shareholder meetings, with activist investor
Mantle Ridge trying to shake up the board, and proxy firms backing its nominees. It's clear that corporate leadership is in flux, with a strong push for strategic change by investors, who deem the current course as underperforming. Matters are not helped by
project exits and some
disappointing Q1 earnings. However, it's not all gloom, the company has a positive outlook on its hydrogen market prospects and has been successful in its seafood processing technology. The company has undergone a
CEO succession plan and major
board overhaul, met Q1 earnings guidance and raised dividends for 43rd consecutive year, despite concerning debt levels and concerns about capital allocation.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Fri, 21 Mar 2025 17:00:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
