Industrial gas producer Air Products & Chemicals Inc, under pressure from Bill Ackman to overhaul its management, said it has appointed Seifi Ghasemi chief executive.Air Products & Chemicals shares rose nearly 9 percent in premarket trading.Ackman has been pushing for a CEO change at Air Prodcuts, one of the world's largest industrial gas companies. Hiring the right CEO can double the stock's price in the next few years, the activist investor had said in February.Ghasemi, who will replace John McGlade, is currently the CEO of specialty chemicals maker Rockwood Holdings Inc. He is also on the boards of battery maker EnerSys and specialty chemicals company Chemetall GmbH.
Air Products and Chemicals, Inc. has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. Shares of APD remained unchanged at $121.60. In the past year, the shares have traded as low as $90.12 and as high as $124.40. On average, 962222 shares of APD exchange hands on a given day and today's volume is recorded at 323024.
EnerSys, incorporated on October 13, 2000, is a manufacturer, marketer and distributor of industrial batteries. Shares of ENS remained unchanged at $69.99. In the past year, the shares have traded as low as $47.16 and as high as $74.17. On average, 315552 shares of ENS exchange hands on a given day and today's volume is recorded at 0.
Rockwood Holdings, Inc. (Rockwood) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes. Shares of ROC remained unchanged at $75.94. In the past year, the shares have traded as low as $60.45 and as high as $82.00. On average, 852441 shares of ROC exchange hands on a given day and today's volume is recorded at 10105.
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