CP50: Air Products and Chemicals Inc.
Air Products was founded by the late Leonard P. Pool in 1940 on the strength of a simple, but then revolutionary, idea: the “on-site” concept of producing and selling industrial gases, primarily oxygen. At the time, most oxygen was sold as a highly compressed gas in cylinders that weighed five times more than the gas product. Pool proposed building oxygen gas generating facilities adjacent to large-volume gas users, thereby reducing distribution costs. The concept of piping the gas directly from the generator to the point of use proved sound and technically solvable.
Today, Air Products serves customers in technology, energy, health care, and industrial markets worldwide. It offers a unique portfolio of products, services, and solutions, providing atmospheric gases, process and specialty gases, process and cryogenic equipment, and performance materials.
With annual revenues of $10 billion and operations in over 40 countries, Air Products’ 22,000 employees, corporate headquarters are located on a 600-acre campus in eastern Pennsylvania’s Lehigh Valley, near Allentown; European headquarters are at Hersham, near London; and Asian headquarters are in Singapore, with offices in Tokyo and Hong Kong.
Chairman, President and CEO
Ghasemi became chairman, president and chief executive officer of Air Products in July 2014. In this role, he is focused on setting the strategy and policies of the company, developing leadership, and meeting shareholder commitments. Previous to this appointment, Ghasemi was an independent member of the company’s board of directors for 10 months. Prior to joining Air Products, from 2001-2014, Ghasemi served as chairman and chief executive officer of Rockwood Holdings.
Senior Vice President and Chief Financial Officer
Crocco was appointed senior vice president and chief financial officer in March 2013. He is responsible for all aspects of the worldwide financial organization, including controllership, treasury, investor relations, tax and audit. He also is a member of the company’s corporate executive committee.
For the latest financial reports, visit: http://www.airproducts.com/Invest/index.asp