Air Products nabs Rockwood's Seifi Ghasemi as new CEO

Air Products (APD+7.3% premarket after naming Rockwood Holdings (ROC) chairman and CEO Seifi Ghasemi as its new chairman, president and CEO, effective July 1.

ROC appoints CFO Robert Zatta as acting CEO, and says its board will begin a search process for a permanent CEO; Ghasemi, who has led ROC since 2001, will remain chairman until Jan. 1, then continue as a director.

APD has been under pressure from Bill Ackman's Pershing Square - APD's largest shareholder, with a 9.7% stake - to overhaul its management.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs