CP50: Praxair Inc.
Praxair Inc. has 28,000 employees and operations in more than 30 countries. Sales in 2007 were $9.4 billion for the supplier of atmospheric, process and specialty gases, high-performance coatings, and related services and technologies to a wide diversity of customers. Praxair Surface Technologies is a subsidiary that applies metallic and ceramic coatings and powders to metal surfaces in order to resist wear, high temperatures and corrosion.
Praxair adopted its name in 1992, from the Greek word "praxis," or practical application, and "air", the company’s primary raw material. The company was originally founded in 1907 when it first commercialized cryogenically separated oxygen in North America. The company says it introduced the first distribution system for liquid gas in 1917 and developed on-site gas supply by the end of WWII. In the 1960s, Praxair introduced non-cryogenic means of air separation, and since then has continued to develop applications technologies for various industries. The company holds almost 3,000 patents.
Stephen F. Angel
Chairman, President and CEO
Angel became chairman of Praxair on May 1, 2007. He has been president and CEO since Jan. 1, 2007. He joined Praxair in 2001 as executive vice president, responsible for Praxair businesses in North America, Asia and Europe. He also oversaw the Healthcare business. He was named president and CEO in 2006. Angel also serves as director of the board of the U.S.-China Business Council.
Executive Vice President and Chief Financial Officer
Sawyer became executive vice president and chief financial officer in 2006. He had been senior vice president and CFO since 2003. He is responsible for the companys finance, audit, treasury, accounting, taxes, information technology and investor relations functions.
Marc A. Franciosa
Vice President and Chief Information Officer
Franciosa was named vice president and chief information officer of Praxair, Inc. in 2010. He is responsible for global information technology services. Franciosa joined Praxair in 2008 as director of global enterprise resource planning deployments in the Information Technology Services department. He was named director of business solutions in 2009. Before joining Praxair, Franciosa spent 14 years with the Linde Group of Germany and the former BOC. During that time, he held increasingly responsible management positions in the U.S., South Africa, Australia and the United Kingdom.
- Praxair Inc.
- 39 Old Ridgebury Rd.
- Danbury, Conn. 06810-5113
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ProductsPraxair's primary products are:
• Atmospheric gases -- oxygen, nitrogen, argon and rare gases (produced when air is purified, compressed, cooled, distilled and condensed), and
• Process & specialty gases -- carbon dioxide, helium, hydrogen, semiconductor process gases, and acetylene (produced as by-products of chemical production or recovered from natural gas).
Praxair serves a wide range of industries including aerospace, food and beverages, healthcare, semiconductors, chemicals, refining, ore and gas production, primary metals and metal fabrication, as well as other areas of general industry. The company also designs, engineers and constructs cryogenic and non-cryogenic supply systems.