Who is Lisa A. Davis and what is her background?

Lisa A. Davis is a new independent director appointed to Air Products & Chemicals' Board of Directors. She is 56 years old and previously served as a member of the managing board of Siemens AG, where she was the Chief Executive Officer for Siemens Gas and Power. She also held leadership roles such as Chair and Chief Executive Officer of Siemens Corporation USA and was a member of the board of directors of Siemens Gamesa Renewable Energy SA.

What is the significance of Ms. Davis's appointment to the Board?

Ms. Davis's appointment is significant as it brings a seasoned executive with extensive experience in the energy and industrial sectors to the Company's oversight body. Her independence, confirmed by the Board, ensures objective guidance. Her placement on key committees, such as Corporate Governance and Management Development and Compensation, indicates her active role in shaping the company's strategic direction and executive practices.

Are there any potential conflicts of interest with Ms. Davis's appointment?

The Company's Board of Directors has carefully reviewed Ms. Davis's independence and determined that she meets the requirements under New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines. There are no undisclosed arrangements or transactions between Ms. Davis and the Company that would require reporting under SEC regulations.

APD 8-K: Leadership Changes

Summary

Air Products & Chemicals, Inc. (APD) announced a significant addition to its Board of Directors with the immediate election of Lisa A. Davis. Ms. Davis brings extensive executive experience, notably her recent role as CEO of Siemens Gas and Power and prior leadership positions within Siemens Corporation USA. Her appointment is effective as of March 4, 2020, and she will serve until the 2021 annual meeting of stockholders. The Board has affirmatively determined that Ms. Davis meets independence standards under NYSE listing rules and the Company's own governance guidelines. This addition is investor-focused, bringing new perspectives and expertise to the oversight of the company. Investors can anticipate that Ms. Davis will contribute to key committees, specifically the Corporate Governance and Nominating Committee and the Management Development and Compensation Committee, areas crucial for strategic direction and executive oversight.

Key Highlights

1Air Products & Chemicals, Inc. has appointed Lisa A. Davis to its Board of Directors, effective March 4, 2020.
2Ms. Davis's tenure will extend until the 2021 annual meeting of stockholders.
3She brings substantial executive experience from Siemens AG, including her role as CEO of Siemens Gas and Power.
4The Board has confirmed Ms. Davis's independence according to NYSE listing standards and company guidelines.
5Ms. Davis has been appointed to the Corporate Governance and Nominating Committee.
6She has also been appointed to the Management Development and Compensation Committee.
7Ms. Davis's compensation will align with the Company's standard arrangements for non-employee directors.

Air Products & Chemicals, Inc. 8-K Report, Executive Changes (Mar 9, 2020)

Summary

Key Highlights

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