Air Products announces major restructuring
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Air Products announces major restructuring

11:14 AM, 19th September 2014
Air Products announces major restructuring

LEHIGH VALLEY, US: Air Products announced a major company restructuring, with the goal of regaining industry leadership by providing excellent service to customers as the safest and most profitable industrial gas company in the world. According to Seifi Ghasemi, Chairman, President and Chief Executive Officer, the employees have already been informed of the change and are ready to commit to a new corporate culture in order to meet this objective.

“Today we are taking a major step to restructure for future success. Air Products had the industry leadership position 20 years ago and maintains leading market positions in key regions. We will regain that leadership position by first reorganizing our Industrial Gases segment on a geographic basis, and move to a decentralized, simpler, and more efficient structure which creates true profit and loss (P&L) accountability at many levels of the organization. The people at Air Products are ready to advance this great company, and I am excited by the significant opportunities in front of us,” said Ghasemi.

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