Mantle Ridge Encourages Air Products Shareholders to Support New Director Nominees for Better Governance
Mantle Ridge's Call to Action for Air Products Shareholders
In a significant bid to reshape the board of Air Products and Chemicals, Inc., Mantle Ridge LP has reached out directly to shareholders and employees via an open letter. This letter responds to frequent inquiries about the upcoming votes regarding director positions, particularly addressing concerns about vote anonymity, which has often been a topic of contention among shareholder activists.
Voting for Change
Mantle Ridge, which currently holds approximately $1.3 billion in Air Products' common shares, is advocating for the election of four highly qualified director nominees: Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley. Their credentials are presented as a critical element of a strategy to enhance performance at Air Products and create long-term value for all shareholders. The firm's communication urges stakeholders to vote using the BLUE proxy card, symbolizing their support for these candidates while withholding votes for the company's own nominees, including Charles Cogut, Lisa A. Davis, Seifollah
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