Air Products Board of Directors has announced that it has entered an amended and restated employment agreement with Air Products’ Chairmen, President and CEO, Seifi Ghasemi. The new agreement extends Ghasemi’s term through to 30th September 2022.
Ghasemi was named Chairman, President and CEO in 2014. He has led the Company through a transformation over the past three years to industry leading safety and financial performance.
Commenting on the Board’s action, Chad Deaton, Lead Director, said, “Seifi is an extraordinary leader and strategist who has built strong relationships with customers, investors and employees based on his track record of consistently delivering on commitments. The Board is taking this action now to assure Air Products’ stakeholders that the company will have strong and stable leadership to continue the transformation that has been underway and deploy the Company’s significant investment capacity arising from its recent divestitures and strong cash flow.”
“It has been an honour to lead Air Products over the past three years, and I am excited about the opportunity to continue to work with this great team to secure Air Products’ place as the safest, most diverse and most profitable industrial gas company in the world, providing excellent service to our customers,” said Ghasemi.