Air Products rejects Mantle Ridge’s CEO overhaul proposal amid succession pressure

By Edward Laity on Jan 09, 2025

Air Products has rejected shareholder Mantle Ridge’s proposal to appoint a new CEO and Board of Directors after the investment firm suggested Eduardo Menezes as a replacement CEO.

Following Mantle Ridge’s proposal, the industrial gas giant was forced to issue a statement rejecting an overhaul in the CEO and Board of Directors. This statement comes just days after Air Products received criticism over its failure to manage an effective CEO succession process.

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Air Products rejects Mantle Ridge’s CEO overhaul proposal amid succession pressure

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Air Products rejects Mantle Ridge’s CEO overhaul proposal amid succession pressure

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