Air Products New CEO Says Corporate Culture Needs Change
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Air Products & Chemicals Inc.’s new chief executive officer said the industrial gases producer, targeted by activist investor Bill Ackman, needs to change its corporate culture and make better investment decisions.
Air Products will focus on projects that generate more cash flow and on improving returns on invested capital, Seifi Ghasemi said today on an earnings conference call, his first public comments since joining the company July 1.