Air Products – Board of Directors Appoints Eduardo F Menezes CEO

Air Products – Board of Directors Appoints Eduardo F Menezes CEO

Seifi Ghasemi to Leave the Company Following More than 10 Years of Dedicated Service
Wayne T. Smith Named Board Chairman and Dennis H. Reilley Named Board Vice Chairman

LEHIGH VALLEY, Pa., Feb. 4, 2025 /PRNewswire/ — Air Products’ (NYSE: APD) Board of Directors today announced the appointment of Eduardo F. Menezes as Chief Executive Officer (CEO) of Air Products effective February 7, 2025, succeeding Seifollah (“Seifi”) Ghasemi, who is leaving the Company after more than 10 years of dedicated service. Mr. Menezes will also join the Air Products Board.

The Board of Directors also has named Wayne T. Smith Chairman and Dennis H. Reilley as Vice Chairman. They, along with the full Board, will work closely with Mr. Menezes and Air Products’ leadership to advance the Company.

Eduardo Menezes Appointed Air Products’ New CEO (February 7, 2025), Commenting on the appointment of Eduardo Menezes, Mr. Smith noted,

After evaluating various exceptional candidates for the CEO role, the Board determined that Eduardo’s knowledge, skills and extensive experience in the industrial gases sector, including more than three-and-a-half decades in progressively senior roles at Linde plc and operating experience across the world, make him uniquely qualified to take Air Products forward and maximize value for shareholders.

Mr. Menezes said,

Air Products is a fantastic company with a great future, and I am honored to have this opportunity to work with the talented team to build on the Company’s strong positions.

“I look forward to applying the experiences and perspectives I’ve gained in working across various sectors of industrial gases in different countries around the world. With our collective focus and discipline, I am confident in our ability to drive superior value.”

 Mr. Menezes brings extensive international experience in all key sectors of industrial gases, including on-sites, merchant liquid, packaged gases and hydrogen. At his last position, he was the executive vice president (EVP) of Linde plc for Europe, Middle East and Africa, with responsibility for operations in more than 40 countries with over $8 billion in sales and 18,000 employees. Prior to that, Mr. Menezes worked for Praxair in a variety of senior roles, including as EVP accountable for North America and in a series of general management and business development positions in the U.S., Spain, Mexico and Brazil.

Mr. Menezes holds an M.B.A. from the State University of New York and a chemical engineering degree from the Federal University of Rio de Janeiro, Brazil.

Seifi Ghasemi Leaving Air Products Following More than 10 Years of Dedicated Service
Mr. Smith said,

On behalf of the full Board, Air Products’ leadership team and employees, we thank Seifi for his countless contributions and leadership of Air Products over the last decade. Seifi’s commitment to safety, his ability to bring people together to innovate and collaborate, and his relentless drive to ‘be the best’ will continue to serve the Company well as we deliver value for customers, shareholders and our operating communities around the world.

Mr. Ghasemi said,

Leading Air Products over the last 10 years has been an honor and a privilege.

“When I became CEO in 2014, we made it our mission to drive for new levels of profitability and growth. Working alongside the talented leadership team and our committed and motivated employees around the world, I am very proud to say that we achieved that, taking Air Products to new heights. That result is due to the hard work of the people of Air Products, and I have no doubt they will drive the Company’s continued success into the future.”    

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