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Mantle Ridge Issues Shareholder Letter: Restoring Integrity is Necessary for Air Products and Chemicals, Inc. to Recover and Return to Prosperity

by Snowball Research Team

Summary

Mantle Ridge criticized Air Products’ leadership under Seifi Ghasemi, accusing the company of omitting key facts, misleading shareholders about its performance and strategy, and mishandling major projects. It called for a shareholder-led board overhaul, claiming Ghasemi has a history of integrity issues across companies he has led.

Details Some of the Company’s Omissions, Obfuscations, and Misleading Statements Concerning Air Products’ Performance, Strategy, and Key Projects

Shareholder-Led Board Refreshment is the Necessary First Step Toward Recovering from Damage Done Over Mr. Seifi Ghasemi’s Last Five Years as Chairman and CEO

Air Products is Not the First Company Led by Mr. Ghasemi to Have Integrity Issues

Mantle Ridge Issues Shareholder Letter - Jan-06-2025
Mantle Ridge Issues Shareholder Letter - Jan-06-2025.pdf
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Source:

https://www.sec.gov/Archives/edgar/data/2969/000110465925001394/tm252104d1_dfan14a.htm

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