Air Products Chemicals APD is navigating several significant transitions, including a
leadership change and a
strategic shift. The firm has appointed Matthew Lepore as Executive Vice President, General Counsel, and Secretary and Chief Compliance Officer to strengthen its leadership, while Eduardo F. Menezes has been named CEO. Simultaneously, the company has faced challenges with
trading volume plummeting 65.34%. Previews of APD's third-quarter earnings indicate a potential decline. They have also declared a $1.79
quarterly dividend, with analysts predicting an 11.19% upside. The company has laid out a timeline for CEO Lepore's exit, but it has been met with some hesitancy from insiders who sold US$12m of shares. Unexpected troubles in APD's clean energy strategy have led to a $3.1 billion hit and a decision to exit three U.S. projects. Meanwhile, activist investor Mantle Ridge has pushed for a strategy shift and new board nominations, disconnects Air Products now aims to address while offering increased shareholder value.
Air Products Chemicals APD News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 26 Jul 2025 10:41:38 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor 1
