LEADING PROXY ADVISORY FIRM ISS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, AND DENNIS REILLEY
Institutional Shareholder Services "ISS" Finds Incumbent Board Has Failed to "Properly Oversee" a "Credible Succession Plan" and States that Reconstitution of the Board with a "New Chairman" Would "Allow Fresh Board Assessment of Board Leadership and the Careful Deliberation on Optimal Timing for a CEO Transition". ISS Recommends Shareholders Vote "WITHHOLD" Against Seifi Ghasemi, Charles Cogut and Edward L. Monser – Company Nominees Opposed by Mantle Ridge – Further Reinforcing the Need for Change. ISS Finds Company's Framing of Mr. Eduardo Menezes' Qualifications "Disingenuous at Best". ISS Recommends Shareholders Vote "FOR" Mantle Ridge Nominees Andrew Evans, Paul Hilal, And Dennis Reilley and States that Tracy McKibben is "Well Qualified to Serve as a Member of the APD Board". Paul Hilal, Founder and CEO of Mantle Ridge, commented, "We are pleased that ISS recognizes the clear need for change at Air Products, and has recommended that shareholders vote for the election of three of o