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.

… to continue reading this article and more, please login, register for free, or consider subscribing to H2 View

Register today

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and H2 View’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other H2 View archives, please consider subscribing.

Alternatively, you can continue reading more articles as a guest on Wednesday, 15th January at 11:35PM

Subscribe Register

Please wait...

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

We’re committed to protecting and respecting your privacy and we believe it should be easy for you to understand our data and privacy practices. We aim to explain in clear language what information we collect, how we use it, and the choices and controls you have.

You can find our privacy policy here.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Description
__stripe_mid	The cookie used by Stripe for fraud prevention
cookielawinfo-checkbox-advertisment	The cookie is used to store the user consent for the cookies in the category "Advertisment".
cookielawinfo-checkbox-analytics	The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	The cookie is set to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	The cookie is used to store the user consent for the cookies in the category "Other.
h2vcc	This is an older cookie consent cookie that was used till September 2021. Now they have been replaced by cookielawinfo-* cookies.
H2VFECookie	This cookie is the one that keeps you logged in. If you remove this, it'll log you out. Therefor it is needed to have this cookie enabled to ensure you can actually be logged into the site.
H2VPIDCookie	This cookie helps us identify the userId quicker when you're logged in to ensure you get your content quicker.
PHPSESSID	This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
viewed_cookie_policy	The cookie is set and used to store whether or not user has consented to the use of cookies. It does not store any personal data.
wordpress_logged_in_*	This cookies is needed to have you logged into the WP system to ensure you are able to use our site properly.
wordpress_sec_*	This cookie is generated by WordPress and is used to store account details and help prevent against hackers.

Functional

Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

Cookie	Description
aelia_cs_selected_currency	This cookie helps to keep track of the currency you're using on the site, so when you return it remains to what you've last set.
bcookie	LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID.
googtrans	This cookie helps to translate stories, so the system knows what your initial language was and what you set it to for translation.
lang	This cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website.
lidc	LinkedIn sets the lidc cookie to facilitate data center selection.
store_notice*	Allows customers to dismiss the Store Notice.
tk_ai	The cookie is generated by Automatic/Jetpack/WooCommerce and simply stores a unique ID
trialc_*	The trial cookies help us offer you trials and other offers throughout our site and also helps to tell is if you're not interested in any if you happen to decline the offer(s).
woocommerce_cart_hash	Helps WooCommerce determine when cart contents/data changes.
woocommerce_items_in_cart	Helps WooCommerce determine when cart contents/data changes.
woocommerce_recently_viewed	Powers the Recent Viewed Products widget.
wp_woocommerce_session_*	Contains a unique code for each customer so that it knows where to find the cart data in the database for each customer.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Cookie	Description
__qca	The cookie is used to store and track audience reach.
_ga	This cookie is used by GoogleAnalytics to help us measure site performance.
_gat_gtag_UA_143267217_1	This cookie is set by Google and is used to distinguish users.
_gid	Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
ajs_anonymous_id	This cookie is set by Segment.io to check the number of ew and returning visitors to the website.
ajs_user_id	The cookie is set by Segment.io and is used to analyze how you use the website
CONSENT	These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.
lfuuid	The _lfuuid cookie allows a website to track visitor behaviour on the sites on which the cookie is installed. Tracking is performed anonymously until a user identifies themself by submitting a form.

Marketing

These cookies are used to help us with marketing and research purposes to give users a better experience and deliver relevant information to them.

Cookie	Description
f24_autoId	This is a temporary identifier on a local machine or phone browser that helps us track anonymous information to be later married up with f24_personid. If this is left anonymous it will be deleted after 6 months .
f24_personId	This is an ID generated per individual contact in the Force24 system to be able to track behaviour and form submissions into the Force24 system from outside sources per user. This is used for personalisation and ability to segment decisions for further communications.

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Cookie	Duration	Description
bscookie	2 years	This cookie is a browser ID cookie set by Linked share Buttons and ad tags.
IDE	1 year 24 days	Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile.
mc	1 year 1 month	Quantserve sets the mc cookie to anonymously track user behaviour on the website.
test_cookie	15 minutes	The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE	5 months 27 days	A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface.
YSC	session	YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages.
yt-remote-connected-devices	never	These cookies are set via embedded youtube-videos.
yt-remote-device-id	never	These cookies are set via embedded youtube-videos.
yt.innertube::nextId	never	These cookies are set via embedded youtube-videos.
yt.innertube::requests	never	These cookies are set via embedded youtube-videos.

Others

Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.

Cookie	Duration	Description
AnalyticsSyncHistory	1 month	No description
li_gc	2 years	No description
UserMatchHistory	1 month	Linkedin - Used to track visitors on multiple websites, in order to present relevant advertisement based on the visitor's preferences.

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

Register today

Navigation

Get in touch

Sign up for newsletter

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

Register today

×