Mantle Ridge's board nominees for Air Products get backing from Egan-Jones-March 2024-www.financetom.com

Mantle Ridge's board nominees for Air Products get backing from Egan-Jones

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Mantle Ridge's board nominees for Air Products get backing from Egan-Jones

Jan 14, 2025 5:05 AM

Jan 14 (Reuters) - Mantle Ridge's slate of board

nominees for industrial gases maker Air Products and Chemicals ( APD )

has won support from proxy advisory firm Egan-Jones

Proxy Services, the activist investor said of Tuesday.

Recently, proxy advisory firms Institutional Shareholder

Services and Glass Lewis have also backed Mantle Ridge, which

has been pushing for changes at the company, including finding a

new CEO and overhauling its strategy.

Mantle Ridge is asking shareholders to elect its nominees,

including its founder Paul Hilal, to the nine-member board.

Air Products and Chemicals' ( APD ) 2025 annual shareholders meeting

is scheduled for Jan. 23.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shinjini

Ganguli)

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