May 19, 2005 Lehigh Valley, Pa.
Charles H. Noski, retired vice chairman of AT&T Corporation, and William L. Davis, III, retired chairman, president and CEO of RR Donnelley, were elected today to Air Products' (NYSE:APD) board of directors. Air Products' Chairman and Chief Executive Officer John P. Jones, said, "These additions reflect our commitment to strong and effective leadership. Both men bring broad experience and capability to our board."
Noski's nomination is effective immediately. Davis will join the board July 20, 2005.
Noski, 52, served as senior executive vice president and chief financial officer of AT&T Corporation between 1999 and 2002. He retired in November 2002 upon the completion of AT&T's restructuring. From December 2003 to March 2005, Noski was corporate vice president and chief financial officer of Northrop Grumman Corporation. Prior to both of these roles, he served as president and chief operating officer of Hughes Electronics Corporation and as a partner at Deloitte & Touche.
Noski is currently a director of Microsoft Corporation. Previously, he served on the boards of AT&T, Teledyne Technologies Inc., Northrop Grumman Corporation and Hughes Electronics Corporation. He also was a director of Air Products from October 2000 through January 2004. Noski is a member of the American Institute of Certified Public Accountants and Financial Executives Internationaland is a past member of the Financial Accounting Standards Advisory Council.
Davis, 61, became chairman/CEO in 1997 and president in 2001 of RR Donnelley—the largest printing company in North America, serving customers in publishing, healthcare, advertising, retail, telecommunications, technology, financial services and other industries. He retired from the company in February 2004. Over the prior two decades, Davis held senior sales, marketing and executive positions at Emerson Electric Company. He also held various positions at Sears, Roebuck & Co. between 1965 and 1977.
Davis currently serves on the board of Marathon Oil Corporation and previously served on the boards of RR Donnelley and Mallinckrodt Group, Inc.
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.