Mantle ridge files definitive proxy statement and sends letter to air products and chemicals inc. shareholders highlighting material underperformance, misguided capital allocation strategy, and succession failures

Nominates four highly qualified director nominees – andrew evans, paul hilal, tracy mckibben, and dennis reilley – to air products' board of directors mantle ridge believes ceo seifi ghasemi's insistence on pursuing large-scale, speculative non-core investments has unduly increased risk to air products' shareholders and destroyed shareholder value incumbent directors who failed to rein in mr. ghasemi should not be entrusted to select air products' next generation of board and management leadership mantle ridge has identified four deeply experienced and qualified nominees who bring the relevant industry expertise and public company board experience to restore performance, fix capital allocation missteps, and ensure long-term leadership at air products urges shareholders to vote the  blue proxy card "for" mantle ridge's four highly qualified director nominees and "withhold" on the company nominees charles cogut, lisa a.
APD Ratings Summary
APD Quant Ranking