New Air Products CEO says emphasis on cash and capital allocation to guide strategy

摘要

Air Products chairman and CEO Seifi Ghasemi says that a focus on cash generation and improved capital allocation will drive Air Products strategy in his first public comments since taking over the company on 1 July. Ghasemi told investors on the company's 23 July quarterly earnings call that Air Products will provide more detail on strategy by mid-September and host an investor conference by early 2015 to outline how it plans to close the gap in key performance measures such as operating margins and return on capital relative to peers such as US rival Praxair. “I [took] this job ... because I believe that Air Products has the people, technologies and the geographic footprint to significantly improve its performance,” Ghasemi says.