Air Products faces further pressure from D.E. Shaw over CEO succession

By Edward Laity on Jan 06, 2025

Hedge fund D.E. Shaw has voiced “continued disappointment” with major oil and gas company Air Products’ failure to manage an effective CEO succession process.

Following on from an initial letter sent last October, the global investment firm has said the Air Products Board is failing at its core responsibilities. D.E. Shaw, a $1bn Air Products shareholder, previously urged the company to de-risk large projects through offtake agreements and cap annual CAPEX at $2-2.5bn post-2026.

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Air Products faces further pressure from D.E. Shaw over CEO succession

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Air Products faces further pressure from D.E. Shaw over CEO succession

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