LEHIGH VALLEY, Pa.,
July 19, 2021 /PRNewswire/
-- Wayne T. Smith, a senior executive with more than 35 years
of leadership experience across the industrial gases and chemicals
industries, has been elected to Air Products' (NYSE:APD) Board of
Directors effective August 1,
2021.
Air Products' Chairman, President and Chief Executive Officer
Seifi Ghasemi said, "I am very
pleased to have Wayne join our
Board of Directors, bringing his extensive experience as a
top-level leader in our sector. I have known Wayne for the past 32 years and had the
pleasure of working with him in the 1990s at another industrial gas
company. He is a keenly intelligent, focused, and strategic
thinker. I look forward to working with Wayne and the rest of our talented Board as we
execute Air Products' strategy providing sustainable energy and
environmental solutions for the world."
Mr. Smith recently retired from BASF, where he served as
Chairman and Chief Executive Officer of BASF Corporation since
May 2015 and as a member of the Board
of Management Directors of the parent company, BASF SE, since 2012.
At the time of his retirement, Mr. Smith was responsible for
Monomers, Performance Materials, Petrochemicals, Intermediates and
North America. Prior to his tenure
at BASF, which began in 2004, Mr. Smith was vice president and
general manager of Specialty Construction Chemicals at W.R. Grace
and Company, where he led the strategy development, growth and
profitability of that unit worldwide. Before joining W.R. Grace, he
served in positions of increasing responsibility with The BOC
Group, culminating as vice president and general manager of the
company's Packaged Products business. Mr. Smith brings his
extensive industrial gas leadership and operational experience to
the Air Products Board.
Mr. Smith holds a Bachelor of Science degree in Chemical
Engineering from Syracuse University
and a Master's in Business Administration from the Wharton School
of the University of Pennsylvania. In
addition to joining the Air Products Board, he serves on the board
of Inter Pipeline.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company
in operation for 80 years. Focused on serving energy, environment
and emerging markets, the Company provides essential industrial
gases, related equipment and applications expertise to customers in
dozens of industries, including refining, chemical, metals,
electronics, manufacturing, and food and beverage. Air Products is
also the global leader in the supply of liquefied natural gas
process technology and equipment. The Company develops, engineers,
builds, owns and operates some of the world's largest industrial
gas projects, including: gasification projects that sustainably
convert abundant natural resources into syngas for the production
of high-value power, fuels and chemicals; carbon capture projects;
and world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $65
billion. More than 19,000 passionate, talented and committed
employees from diverse backgrounds are driven by Air Products'
higher purpose to create innovative solutions that benefit the
environment, enhance sustainability and address the challenges
facing customers, communities, and the world. For more information,
visit www.airproducts.com or follow us on LinkedIn, Twitter,
Facebook, or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "forward-looking statements" within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on management's
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2020. Except as
required by law, we disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to
reflect any change in the assumptions, beliefs, or expectations or
any change in events, conditions, or circumstances upon which any
such forward-looking statements are based.
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SOURCE Air Products