Air Products’ Executive Vice-President and Chief Financial Officer, Scott Crocco, will retire on 30th September, the industrial gas giant confirmed today (9th July).

Scott Crocco

Scott Crocco

Source: Air Products

As a result of Crocco’s retirement, Melissa Schaeffer will succeed him as Senior Vice-President and Chief Financial Officer on 10th August.

Melissa Schaeffer

Melissa Schaeffer

Source: Air Products

In her new role, Schaeffer will assume leadership responsibility for various aspects of Air Products’ worldwide financial organisation including controllership, accounting, treasury, tax, audit, and shared business services.

Schaeffer will report to Seifi Ghasemi. Air Products’ Chairman, President and CEO.

On the transition, Ghasemi, said, “Looking back over the past seven years of my tenure at Air Products, it is easy to see the deep and lasting impact Scott has had in driving Air Products to become the most profitable industrial gas company in the world.”

“It has been a privilege to work alongside him each day, with his relentless focus on creating value for our shareholders through strong cash flows, strategic capital deployment, and consecutive dividend increases.”

“Most recently, he has led our efforts to position the financing in readiness for the successful closing of the Jazan gasification and power project. Scott’s broader journey over more than three decades with Air Products, which started with him as a participant in the Career Development Program, shows that the opportunities for talented, motivated and committed individuals are limitless at Air Products.”

Welcoming Schaeffer in her new role, Ghasemi, continued, “Now, as Air Products continues to pursue and win significant growth opportunities around the world, I am delighted Melissa is transitioning into the role. She brings tremendous leadership skills; deep, global experience across various aspects of Finance and business; and most importantly, a passion to be the best and to help everyone reach their full potential.”

“I am confident she is the right person with the right skills to continue moving Air Products forward as the global leader providing solutions to the world’s most significant energy and environmental challenges.”

Schaeffer joined Air Products in June 2016 as vice-president, chief audit executive, responsible for leading the Company’s Audit team, executing proactive compliance monitoring activities, leading investigations, and the Sarbanes Oxley (SOX) compliance program.

In 2020, she was appointed vice-president of finance, GEMTE, Americas, Middle East, and India.