Last week, the North American company, Air Products declared its quarterly dividend, meanwhile, the company also elected the former CEO of Baker Hughes to the Board.
Air Products declared a quarterly dividend of 49 cents per share of common stock. The dividend is payable on 8th November 2010 to shareholders of record at the close of business on 1st October 2010.
In addition the company elected a new director. Chadwick C Deaton, Chairman and Chief Executive Officer of Baker Hughes Incorporated, was elected to the company’s board. Air Products Chairman, President and CEO, John E McGlade, commented that Deaton, “will add significant value to the company through his global experience and extensive knowledge of the oil and natural gas industry.”
Deaton is 57 and has served as Chairman and CEO of Baker Hughes since 2004. He benefits from an extensive career spanning nearly 35 years, 25 of which were spent with Schlumberger. Currently, Deaton serves as Director of the privately run company, Ariel Corporation. Similarly, he is a member of the National Petroleum Council, the Society of Petroleum Engineers’ Industrial Advisory Council and the University of Wyoming Petroleum & Chemical Engineering Advisory Board.