UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) 23 April 2002
-------------
Air Products and Chemicals, Inc.
------------------------------------------------
(Exact name of registrant as specified in charter)
Delaware 1-4534 23-1274455
---------------------------- ------------------------ --------------------
(State of other jurisdiction (Commission file number) ( IRS Identification
of incorporation) number)
7201 Hamilton Boulevard, Allentown, Pennsylvania 18195-1501
--------------------------------------------------- -------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610) 481-4911
--------------
Item 5. Other Events.
- --------------------
AIR PRODUCTS APPOINTS JOHN OWINGS
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
------------------------------------------
CFO Leo Daley to Retire in Summer 2002
Marshall Sullivan Appointed Vice President and Treasurer
LEHIGH VALLEY, Pa. (April 23, 2002) - Air Products and Chemicals, Inc. (NYSE:
APD) today announced that John R. Owings has been appointed vice president and
chief financial officer (CFO), effective May 20, 2002, succeeding Leo J. Daley
who will retire this summer after a 23-year career with Air Products. Mr. Owings
will be responsible for all aspects of the worldwide financial organization
including treasury, investor relations, controllership and audit. He will report
to John P. Jones, chairman and CEO.
Mr. Owings joins Air Products from Motorola, Inc. where he recently served as
senior vice president and director of finance for the company's Personal
Communications Sector. The Personal Communications Sector is the world's second
largest cellular handset manufacturer with 2001 sales of $10.4 billion.
"John brings to Air Products an extensive knowledge of the electronics industry,
strong financial and operational skills, plus broad experience with
international business in all regions of the world," said Mr. Jones. "The
outstanding leadership he has demonstrated in his assignments at Motorola will
be a tremendous asset to our organization."
Since joining Motorola in 1973, Mr. Owings has served in roles of increasing
responsibility as director of finance for five major Motorola businesses,
including the Personal Communications Sector; Motorola's Network Solutions
Sector and Satellite Communications Group; the Radiotelephone Systems Group; the
Motorola Computer Group; and the Integrated Electronics Systems Sector.
Mr. Owings graduated from Northern Illinois University (N.I.U.) in DeKalb, Ill.,
earning both his B.S. degree in accounting in 1971 and an M.B.A. in finance in
1976.
2
Air Products also announced the appointment of Marshall Sullivan as vice
president and corporate treasurer for the company. Mr. Sullivan has served as
corporate treasurer since 1998. He will report to Mr. Owings.
Mr. Sullivan joined Air Products in 1971 as a participant in the company's
Career Development Program. He progressed through a series of operating
controllership assignments leading to the position of Process Systems Group
controller in 1982. In 1990 he was appointed assistant treasurer with
responsibility for corporate finance and financial planning and analysis. He
assumed additional responsibilities for pension and savings plan investments in
1993 and treasury operations in 1994.
Mr. Sullivan received a B.S. degree in mechanical engineering from Carnegie
Mellon University in 1965 and an M.B.A. from Cornell University in 1971. He is a
member of the National Association of Corporate Treasurers and the Financial
Executives Institute.
Air Products and Chemicals, Inc. (www.airproducts.com) is the world's only
combined gases and chemicals company. Founded more than 60 years ago, the
business has annual revenues of $5.7 billion and operations in 30 countries. Air
Products is a market leader in the global electronics and chemical processing
industries, and a longstanding innovator in many industrial markets, including
coatings, adhesives and polyurethanes. The company distinguishes itself through
its 18,000 employees around the world, who build lasting relationships with
their customers and communities based on understanding, integrity and passion.
# # #
Media Inquiries:
----------------
Beth K. Mentesana, tel: (610) 481-2459; e-mail: mentesbk@apci.com
-----------------
Investor Inquiries:
-------------------
Alexander W. Masetti, tel: (610) 481-7461; e-mail: masettaw@apci.com
------------------
Photos of John R. Owings and Marshall Sullivan are available at
www.airproducts.com/
pressroom/restricted/bios/highrespics/OwingsJohn_informal.jpg
- -------------------------------------------------------------
and
www.airproducts.com/
pressroom/restricted/bios/highrespics/SullivanM_informal.jpg,
- ------------------------------------------------------------
respectively.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Air Products and Chemicals, Inc.
---------------------------------------
(Registrant)
Dated: 23 April 2002 By: /s/Paul E. Huck
---------------------------------------
Paul E. Huck
Vice President and Corporate Controller
(Chief Accounting Officer)
4