16 September 2015
ABOUT AIR PRODUCTS MATERIAL TECHNOLOGIES BUSINESS
Details
today announced that its Board of Directors
has approved the intention to fully separate
its Materials Technologies business
via a tax-free spin-off to its shareholders.
The targeted completion of
the Materials Technologies spin-off
is before September 2016,
subject to typical regulatory approvals.
Guillermo Novo, executive vice president
Materials Technologies, will be
CEO of the yet-to-be-named company
at the completion of the spin-off.
Ghasemi will be
the non-executive chairman of the new company,
while maintaining his current roles
as chairman, president and CEO of Air Products
VIEW AIR PRODUCTS SPIN-OFF FULL PRESENTATION
Contact Air Products
Media Inquiries:
Art George,
tel: (610) 481-1340;
e-mail: [email protected]
Investor Inquiries:
Simon Moore,
tel: (610) 481-7461;
e-mail: [email protected]
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