Omar A Vargas has been named Praxair’s latest Director of Government relations. The appointment has been heralded as a success and is hoped to strengthen the industrial gas company’s relations with policymakers.
Within his new role Vargas will be responsible for developing and implementing Praxair’s global political and public policy positioning and engagement strategy. According to the North American industrial gas platform, Vargas will reinforce Praxair’s relationship with policymakers and other authorities.
Mark Nielsen, Praxair Associate General Counsel commented on the appointment, “We are delighted to have Omar on board. Omar has a strong background in global policy and government affairs, particularly in Latin America, and has an extensive network in Washington, D.C., which will help us strengthen our relationships with policymakers.”
Vargas joined Praxair from PepsiCo, Inc. where he served as Senior Director, Global Policy & Government Affairs. His experience includes working with the United States Department of Justice and Cooper & Kirk, PLLC. He has a bachelor’s degree in political science from Seton Hall University and graduate and law degrees from The American University.
Praxair, Inc. has authorised a new share repurchase program for up to $1.5bn of its common stock. According to the North American firm, the move reflects a strong balance sheet and free cash-flow.
Praxair, Inc. has reported an enterprising full-year 2011, reflecting on a number of contracts secured and ‘industry-leading profitability’. The Danbury, Connetcicut-based industrial gases major reported fourth-quarter net income and diluted earnings per share of $420m and $1.38, respectively.
American Gas Group, a leading supplier of specialty gases worldwide, joined Praxair Distribution mid December, 2011. AGG packages a variety of specialty gases including EPA Protocols, hydrocarbons, VOC mixtures, reactive mixtures, high-purity chemicals and research-grade gases in addition to industrial and medical gas products.
Houston, Texas, based Thigpen Energy has selected Chart for the provision of LNG fueling equipment and supplies – with construction already underway. Earlier this week it was announced that the company’s eastern European outfit, Chart Ferox, was chosen to construct LNG filling station in Poland.
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