Praxair, Inc. has named Kelcey E. Hoyt as Vice-President and Controller, succeeding Elizabeth T. Hirsch who retires from the company after 18 years of service.

Hirsch has served as Praxair’s vice-president and controller for the last six years, and her retirement prompts a minor reshuffle within the company’s management team.

Hoyt, formerly director of investor relations, succeeds her as Vice-President and Controller while she is herself succeeded by Juan Pelaez, vice president of finance for Praxair Mexico since 2011.

Both assignments are effective today, 1st August, and will report to Senior Vice-President and CFO Matthew J. White.

“Kelcey and Juan each bring a wealth of financial expertise and global business acumen to their positions,” said White. “They will provide outstanding leadership to our finance and investor relations organisations.”

“Throughout her career at Praxair, Liz has demonstrated strategic leadership and an unwavering commitment to the company,” said White. “Her experience, knowledge and drive for results have been invaluable to our organisation. We thank her for her many important contributions over the years and wish her the very best in retirement.”

Pelaez has served as vice-president of finance for Praxair Mexico since 2011. Prior to that, he served as general director for Praxair Puerto Rico and the Caribbean.