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All change at Air Products: The rise of Menezes

Gas
February 4, 2025

The appointment by Air Products of former Linde executive Eduardo Menezes as CEO marks a notable change of direction for the industrial gas major. Here’s more on Menezes and on how was he was confirmed as CEO of Air Products.

Menezes assuming the top job follows a boardroom shake-up at Air Products that has been driven by pressure from long-term activist investors including DE Shaw, but in particular Mantle Ridge.

Recently Mantle Ridge and its founder Paul Hilal built and shared online a substantial portfolio of materials arguing of the need for change at Air Products, in which it holds a stake worth $1.3bn.

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Gas
February 4, 2025

Ghasemi leaves strong if complex financial legacy

Air Products’ EBITDA margin graph over the last decade is in many ways a metaphor for Seifi Ghasemi’s up-and-down career. If we leave to one side, and look at the…

Gas
February 4, 2025

CEO switch: How will Air Products shift its strategy?

The appointment of former Linde executive Eduardo Menezes as Air Products’ new CEO marks a significant turning point for the industrial gas giant – and it is one that could…