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News ReleaseAir Products Announces Executive Changes

September 28, 2009 Lehigh Valley, Pa.

Air Products (NYSE:APD) has made the following executive changes, effective October 2009:

Alexander W. Masetti has been appointed vice president, Continuous Improvement, responsible for expanding and institutionalizing Air Products’ overall continuous improvement activity, including capabilities such as Six Sigma and Lean. Masetti joined Air Products in 1981 as an engineer in the company’s Career Development Program and subsequently held management positions within the Process Gas Division. He has served as vice president for the company’s joint venture with San Fu Chemical Company in Taipei, Taiwan; vice president for the company’s Daido Air Products Electronics joint venture in Osaka, Japan; and director of Investor Relations. He most recently held the position of vice president, Tonnage Gases North America. Masetti received a B.S. degree in mechanical engineering from Lafayette College in 1981 and an M.B.A. from Lehigh University in 1986.

Wilbur W. Mok has been appointed vice president, North America Tonnage Gases, succeeding Masetti. He will be responsible for leading, directing and growing the North America Tonnage Gases business for existing pipeline, franchise and on-site offerings and business relationships. Mok joined Air Products in 1986 as a financial analyst and subsequently held a variety of domestic and international engineering, commercial and management positions. He has served as president, Air Products China, and most recently held the position of Asia region president. Mok received a B.S. degree in electrical engineering from Northwestern University in 1984 and an M.B.A. in finance from the University of Chicago in 1986.

Michael A. Olivares has been appointed vice president, International. An expansion of his current role as vice president, Latin America/South Africa, he now will have responsibility for the continued growth and profitability of all of Air Products’ major international joint ventures and partnerships. Olivares joined Air Products in 1978 as a participant in the company’s Career Development Program and held positions in engineering and operations. Olivares has served in a variety of management roles, including general manager for Air Products Puerto Rico and general manager for the company’s Bangkok Industrial Gas Ltd. joint venture in Thailand. Olivares received a B.S. degree in mechanical engineering from Drexel University in 1978 and an M.B.A. from Temple University in 1991.

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. 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. Air Products had fiscal 2008 revenues of $10.4 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information, visit:

NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

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Contact Information

  • Press Contact
    Debbie Bauer
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    (610) 481-6642
  • Investor Contact
    Simon Moore
    (610) 481-7461
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    (610) 481-2729
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