September 16, 2010 Lehigh Valley, Pa.
Chadwick C. (Chad) Deaton, chairman and chief executive officer of Baker Hughes Incorporated, was elected today to Air Products’ (NYSE:APD) board of directors.
Air Products Chairman, President and Chief Executive Officer John E. McGlade stated that Deaton “will add significant value to the company through his global experience and extensive knowledge of the oil and natural gas industry.”
Deaton, 57, has served as chairman and CEO of Baker Hughes, an oilfield services company, since 2004. He began his career in 1976 as a field engineer for the Dowell Division of Dow Chemical, which was subsequently acquired by Schlumberger. During his 25 years with Schlumberger, he progressed through a variety of technical, management and executive positions both domestically and internationally. Prior to joining Baker Hughes, Deaton was president, director and CEO of Hanover Compressor Company from 2002-2004.
Deaton is a graduate of the University of Wyoming and currently serves as a director of Ariel Corporation, a private company. He also is a member of the National Petroleum Council, Society of Petroleum Engineers’ Industrial Advisory Council, and University of Wyoming Petroleum & Chemical Engineering Advisory Board. Deaton is active in numerous charitable and civic organizations, sitting on the boards of Houston Achievement Place, Junior Achievement of Southeast Texas, and the Greater Houston Partnership.
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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 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.