8-KLeadership ChangesExhibits & Filings

Air Products & Chemicals, Inc. 8-K Report, Executive Changes (Mar 24, 2008)

Filed March 24, 2008For Securities:APD

Summary

This Form 8-K filing by Air Products & Chemicals, Inc. (APD) announces a significant leadership transition. Effective April 1, 2008, John E. McGlade, who already holds the titles of President and Chief Executive Officer, will also assume the role of Chairman of the Board. This appointment follows his successful transition into the CEO role on October 1, 2007, succeeding John P. Jones. McGlade's extensive tenure with Air Products, starting in 1976, and his progressive rise through various leadership positions, particularly in the Gases and Chemicals businesses, highlight his deep understanding of the company's operations and strategic direction. This consolidated leadership under McGlade, combining Chairman, CEO, and President, is intended to provide a unified vision and streamline decision-making for the company. Investors can view this as a move towards continuity and experienced leadership at the highest level of the organization.

Key Highlights

  • 1John E. McGlade elected Chairman of the Board, effective April 1, 2008.
  • 2McGlade will hold combined titles of Chairman, Chief Executive Officer, and President.
  • 3This appointment follows McGlade's succession as CEO on October 1, 2007.
  • 4John P. Jones is retiring from the CEO position.
  • 5McGlade has a long career at Air Products, starting in 1976 with diverse experience in Gases and Chemicals.
  • 6The filing includes a press release dated March 20, 2008, detailing the announcement.

Frequently Asked Questions

John E. McGlade has been elected Chairman of the Board, effective April 1, 2008. He currently serves as President and Chief Executive Officer.

This consolidates the roles of Chairman, CEO, and President under John E. McGlade, indicating a unified leadership and continuity in strategy and execution for Air Products. It follows his transition to CEO in October 2007.

Yes, John P. Jones retired as Chief Executive Officer on October 1, 2007, and John E. McGlade succeeded him. This filing marks Jones' successor also taking on the Chairman role.

John E. McGlade has a long history with Air Products, having joined in 1976. He has held numerous leadership positions across the company's Gases and Chemicals businesses, including roles in both domestic and international assignments, and led significant growth initiatives.