Eduardo Menezes
Chief Executive Officer
Executive
25 reports
Air Products and Chemicals, Inc. ·APD
Chemicals · Fortune #347 · Divisional structure · 22K employees · Allentown, Pennsylvania
Sourced from Air Products and Chemicals, Inc. DEF 14A · filed 2025-12-11 ↗ View on SEC
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Download the CSV data insteadAir 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
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.
Separated from the company on July 11, 2025.
Source · See change logThe people
9 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Chief Executive Officer
Executive
25 reports
President, Americas and Global Helium & Rare Gases
Operations
8 reports
Executive Vice President and Chief Financial Officer
Finance
6 reports
Executive Vice President and Chief Human Resources Officer
Human Resources
5 reports
Executive Vice President and Chief Information Officer
Information Technology
5 reports
President, Asia
Operations
6 reports
President, Europe
Operations
6 reports
President, Middle East and India
Operations
6 reports
Executive Vice President, General Counsel and Secretary
Legal
3 reports
The pay
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
The businesses
5 divisions report into the group CEO. Tile size scales with estimated headcount.
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
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
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
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
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
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.
The comparison
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, …
Current signals
The most consequential change was the February 2025 appointment of Eduardo Menezes as CEO following Seifi Ghasemi’s departure.
Separated from the company on July 11, 2025.
SourceSeparated from the company on February 6, 2025.
SourceAppointed CEO effective February 2025 following leadership transition.
SourceYear-over-year executive structure based on SEC proxy and annual filings.
First year reflecting new CEO following major leadership transition.
Long-tenured CEO with stable executive team.
Continuity in leadership prior to 2025 transition.
2025 marked a major CEO transition that reduced average executive tenure and slightly increased CEO span.
The board
2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.
Chief Executive Officer, Air Products
Retired Chairman and CEO, BASF Corporation
Also on: ONEOK, Inc.
The board, organized
1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Eduardo Menezes has served as Chief Executive Officer since February 2025.
Air Products uses a divisional structure organized primarily by geographic industrial gas regions.
The CEO has eight direct reports, including all regional presidents and core functional leaders.
The company appointed Eduardo Menezes as CEO in February 2025 and saw the departures of Seifi Ghasemi and Sean D. Major during fiscal 2025.
No. Air Products does not have a Chief Operating Officer; regional presidents report directly to the CEO.
Reference
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
Creately. (2026). Air Products and Chemicals, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/air-products-and-chemicals/"Air Products and Chemicals, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/air-products-and-chemicals/. Accessed .Creately. "Air Products and Chemicals, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/air-products-and-chemicals/.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.htmPermanent URL: https://creately.com/org-chart/fortune-500/air-products-and-chemicals/ · last updated 2026-04-01