Exclusive: Mantle Ridge nominates new board for Air Products, pushes for new CEO
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Mantle Ridge, an activist investor, has nominated nine directors to replace the board at Air Products and Chemicals. They are pushing for a new CEO, changes in capital allocation, and the abandonment of riskier projects.
November 19, 2024 | 12:15 pm
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Mantle Ridge is pushing for significant changes at Air Products, including a new board, CEO, and strategic shifts. This could lead to volatility in APD's stock price as investors react to potential changes in leadership and strategy.
The nomination of a new board and push for a new CEO by Mantle Ridge could lead to significant changes in Air Products' strategy and operations. This may cause uncertainty and volatility in the stock price as investors assess the potential impact of these changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100