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 and CEO, which could lead to strategic shifts and impact the company's future direction.
The nomination of a new board and push for a new CEO by Mantle Ridge suggests potential changes in Air Products' strategic direction. This could lead to shifts in capital allocation and project focus, which may positively impact the stock if investors view these changes as beneficial.
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