Leadership change Eduardo Menezes became Chief Executive Officer (from EVP, Linde) · DEF 14A, 2025-12-11

Air Products and Chemicals, Inc. ·APD

CEO directly oversees all regional industrial gas presidents

Chemicals · Fortune #347 · Divisional structure · 22K employees · Allentown, Pennsylvania

View as of:
8
CEO span
near peer avg (8)
2.5
Avg span
tight
3
Max depth
3 levels
3.6 yr
Avg tenure
↓ 4.2yr from FY2024
50%
Internal hires
near industry avg
Consolidated financials FY2025 · period end 2025-09-30 · 10-K
Revenue
$12.0B
Operating income
$-877000000
Net income
$-394500000
Total assets
$41.1B
Shares out
223M

Sourced from Air Products and Chemicals, Inc. DEF 14A · filed 2025-12-11 ↗ View on SEC

Interactive org chart

Air Products and Chemicals, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Air Products’ structure is defined by a wide CEO span, with all regional industrial gas presidents reporting directly to the CEO. This page maps the executive team, regional P&L ownership, and functional leadership, and analyzes how this centralized model compares with global industrial gas peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Sean D. Major departed as Executive Vice President, General Counsel and Secretary

Separated from the company on July 11, 2025.

Source · See change log

Scenario views in the chart

  • Add Chief Operating Officer Introduce a COO to consolidate oversight of all regional presidents, reducing CEO span but adding an operating layer.
  • Consolidate Asia and MEI Regions Merge Asia and Middle East & India under a single regional president to streamline oversight.

Atlas work this supports

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The people

Who's running this

9 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

Eduardo Menezes

Chief Executive Officer

Executive

1 yr

25 reports

internal

Francesco Maione

President, Americas and Global Helium & Rare Gases

Operations

3 yr

8 reports

internal

Melissa N. Schaeffer

Executive Vice President and Chief Financial Officer

Finance

6 yr

6 reports

internal

Victoria Brifo

Executive Vice President and Chief Human Resources Officer

Human Resources

4 yr

5 reports

internal

Brian R. Galovich

Executive Vice President and Chief Information Officer

Information Technology

5 yr

5 reports

Open Role

President, Asia

Operations

1 yr

6 reports

Open Role

President, Europe

Operations

1 yr

6 reports

Open Role

President, Middle East and India

Operations

1 yr

6 reports

Matthew Lepore

Executive Vice President, General Counsel and Secretary

Legal

2 yr

3 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.

Eduardo Menezes $11.8M
Base salary
$811K
Stock awards
$10.92M
Other
$80K
Fiscal year
FY2025

The businesses

How Air Products and Chemicals, Inc. divides the work

5 divisions report into the group CEO. Tile size scales with estimated headcount.

Americas Industrial Gases

9K employees

President, Americas (Francesco Maione)

Largest regional segment covering North and South America industrial gas operations.

$5.1B rev $1.5B op inc 29.6% margin +1.7% YoY FY2025

Asia Industrial Gases

4K employees

President, Asia (Open Role)

Asia-Pacific industrial gas production and on-site projects.

$3.3B rev $851M op inc 26% margin +1.5% YoY FY2025

Europe Industrial Gases

4K employees

President, Europe (Open Role)

European industrial gas operations serving manufacturing and energy customers.

$3.0B rev $845M op inc 28.3% margin +5.7% YoY FY2025

Middle East and India Industrial Gases

3K employees

President, Middle East and India (Open Role)

Middle East and India operations including large hydrogen projects.

$136M rev $10M op inc 7.1% margin +1.1% YoY FY2025

Corporate and Other

2K employees

Chief Executive Officer (Eduardo Menezes)

Corporate functions, technology, equipment, and global support.

$520M rev $-367300000 op inc -70.6% margin -40.8% YoY FY2025

The thesis

Why this org is unusual

CEO Eduardo Menezes directly oversees each geographic industrial gas region rather than routing them through a COO.

This structure places the Americas, Asia, Europe, and Middle East & India presidents as direct CEO reports, alongside core functional leaders. The model emphasizes tight CEO control over capital allocation and large-scale project decisions, which is consistent with Air Products’ capital-intensive hydrogen and industrial gas investments.

The absence of a COO and the elevation of regional presidents to CEO-level visibility increases CEO span but reduces organizational layers. Functional leaders in finance, HR, IT, and legal remain centralized, while P&L accountability sits primarily with the regional industrial gas segments shown in the org.

  • No COO role
  • All regions report directly to CEO
  • High CEO span for an industrial company

The comparison

How Air Products and Chemicals, Inc. stacks up

Compared with peers like Linde and Air Liquide, Air Products operates with a more centralized CEO-led regional model. Linde typically interposes additional operating layers, while Air Products keeps regions directly accountable to the CEO. This reflects its smaller scale relative to Linde and its emphasis on fewer, …

C-suite size

Air Products and Chemicals, Inc.
9
Linde
10
Air Liquide
9
Praxair (legacy)
8
Messer Group
7

Reporting depth

Air Products and Chemicals, Inc.
3 levels
Linde
5 levels
Air Liquide
5 levels
Praxair (legacy)
4 levels
Messer Group
4 levels

Avg C-suite tenure

Air Products and Chemicals, Inc.
4 yr
Linde
6 yr
Air Liquide
7 yr
Praxair (legacy)
8 yr
Messer Group
6 yr

Has COO / Has CAIO

Air Products and Chemicals, Inc. — no COO — no CAIO
Linde — no COO — no CAIO
Air Liquide ✓ COO — no CAIO
Praxair (legacy) ✓ COO — no CAIO
Messer Group ✓ COO — no CAIO

Current signals

What changed recently

The most consequential change was the February 2025 appointment of Eduardo Menezes as CEO following Seifi Ghasemi’s departure.

  • departed
    Sean D. Major Executive Vice President, General Counsel and Secretary

    Separated from the company on July 11, 2025.

    Source
  • departed
    Seifi Ghasemi Chairman, President and Chief Executive Officer

    Separated from the company on February 6, 2025.

    Source
  • Date not confirmed new
    Eduardo Menezes Chief Executive Officer

    Appointed CEO effective February 2025 following leadership transition.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2025-12-11
CEO
Eduardo Menezes
CEO span
7
C-suite
5
Avg tenure
3.4 yr

First year reflecting new CEO following major leadership transition.

Named executive officers (5)
  • Eduardo Menezes - Chief Executive Officer since 2025
  • Melissa N. Schaeffer - Chief Financial Officer since 2019
  • Victoria Brifo - Chief Human Resources Officer since 2021
  • Brian R. Galovich - Chief Information Officer since 2020
  • Francesco Maione - President, Americas since 2022
FY2024
DEF 14A filed 2024-12-10
CEO
Seifi Ghasemi
CEO span
6
C-suite
6
Avg tenure
7.8 yr

Long-tenured CEO with stable executive team.

Named executive officers (1)
  • Seifi Ghasemi - CEO since 2014
FY2023
DEF 14A filed 2023-12-12
CEO
Seifi Ghasemi
CEO span
6
C-suite
6
Avg tenure
8.2 yr

Continuity in leadership prior to 2025 transition.

Named executive officers (1)
  • Seifi Ghasemi - CEO since 2014

Year-over-year changes

FY2024 → FY2025

2025 marked a major CEO transition that reduced average executive tenure and slightly increased CEO span.

  • CEO span: 6 → 7
  • C-suite size: 6 → 5
  • Avg tenure: 7.8 → 3.4 yr
  • new Eduardo Menezes - Chief Executive Officer (was EVP, Linde) (DEF 14A, 2025-12-11)
  • departed Seifi Ghasemi - CEO (was CEO) (DEF 14A, 2025-12-11)

The board

Board of directors

2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.

Eduardo Menezes

Inside

Chief Executive Officer, Air Products

Director since 2025 · Age 62

Wayne T. Smith

Chair Independent

Retired Chairman and CEO, BASF Corporation

Director since 2021 · Age 65

Also on: ONEOK, Inc.

The board, organized

Board committees

1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit and Finance Committee

100% independent
  • evans_dir
  • patel_dir
  • ungerleider_dir

Frequently Asked Questions

Who is the CEO of Air Products and Chemicals?

Eduardo Menezes has served as Chief Executive Officer since February 2025.

What type of organizational structure does Air Products and Chemicals use?

Air Products uses a divisional structure organized primarily by geographic industrial gas regions.

How many direct reports does Air Products and Chemicals's CEO have?

The CEO has eight direct reports, including all regional presidents and core functional leaders.

How has Air Products and Chemicals's leadership changed recently?

The company appointed Eduardo Menezes as CEO in February 2025 and saw the departures of Seifi Ghasemi and Sean D. Major during fiscal 2025.

Does Air Products and Chemicals have a COO?

No. Air Products does not have a Chief Operating Officer; regional presidents report directly to the CEO.

Sources

  • DEF 14A, Dec 2025
  • Company Press Release, Feb 2025
  • SEC EDGAR: Air Products and Chemicals, Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Air Products and Chemicals, Inc. 10-K Annual Report

Reference

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Original SEC source View on SEC ↗
Air Products and Chemicals, Inc.. DEF 14A. Filed 2025-12-11. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/2969/000130817925000643/apd-20251210.htm

Permanent URL: https://creately.com/org-chart/fortune-500/air-products-and-chemicals/ · last updated 2026-04-01

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