Air Products’ Chairman, President, and Chief Executive Officer, Seifi Ghasemi, has today (September 18) 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.
Ghasemi says he has already met and communicated with thousands of Air Products’ employees who are ready for change and are committing to a new corporate culture in order to meet this objective. This announcement came at the Credit Suisse Basic Materials Conference in New York, where Ghasemi outlined the company’s direction moving forward.
“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 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,” says Ghasemi.
Effective at the start of Air Products’ 2015 fiscal year (October 1, 2014), the company will realign into seven reporting segments.
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