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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections