MOVES: Air Products CEO John McGlade to retire next year

26 September 2013 13:49  [Source: ICIS news]

HOUSTON (ICIS)--Air Products’ CEO and board chairman John McGlade will retire in 2014, the US-based international industrial gases major said on Thursday.

Air Products said that its board of directors has formed a search committee to hire a successor for McGlade, who will continue to serve as chairman and CEO during the search process and a transition period.

“As I approach age 60 and the board plans for my retirement, the actions our board is announcing today will ensure an orderly leadership transition and a company that is well positioned to deliver long-term shareholder value,” McGlade said.

Air Products also said that it added three new independent directors to its board. One of the new directors is Seifi Ghasemi, the CEO of US specialty chemicals firm Rockwood Holdings.

By: Stefan Baumgarten
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