Investor pressure leads to Ghasemi's dismissal from Air Products board
In a surprising turn of events, Seifi Ghasemi, the former CEO of Air Products, has stepped down from his position. The move comes after mounting pressures from investment firms for a refresh in leadership at the global industrial gases company.
Ghasemi, who joined the board of Air Products in 2013 and was appointed as the Chairman, President, and CEO in 2014, has extended his term until September 2028. However, the recent pressure from investment firms has led to his removal from the Board of Directors.
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While the future leadership at Air Products remains unclear, subscribing to gasworld offers a unique opportunity to stay informed about the latest developments in the gas industry. However, the publication does not disclose who will replace Ghasemi as the CEO of Air Products.
Despite the change in leadership at Air Products, Ghasemi's tenure saw significant growth and success for the company. The renewal of his contract every year from September 30, 2024, on a five-year basis, reflects the confidence the board had in his leadership.
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