Corporate Executive Committee Member Based in Shanghai Underscores the Company’s Strong Commitment to Accelerate Growth in China
August 29, 2011 Lehigh Valley, Pa.
Air Products (NYSE: APD) today announced the appointment of Stephen J. Jones as China president based in Shanghai to lead the company’s next phase of strategic development in China. Jones, a member of the company’s corporate executive committee, will retain his current role as senior vice president and general manager of Global Tonnage Gases, Equipment and Energy.
“The appointment of Steve Jones as China president and his move to Shanghai is part of Air Products’ corporate strategy to support our significant growth opportunities and accelerate our development in emerging markets,” said John E. McGlade, chairman, president and chief executive officer. “China is a strategic market for Air Products. We have been investing in and serving this market for nearly 25 years and established strong positions there. Having one of our corporate executive committee members based in Shanghai underpins our strong commitment to further growth in China.”
Air Products has been operating in China since 1987 and was one of the first multinational industrial gas corporations to invest in the country. With over 40 operating entities, 50 production facilities and 2,200 employees, the company has already established a strong market position in China, serving a broad range of industries. It also has established a number of regional capabilities in China, including an engineering center, a cryogenic manufacturing center, a technology center and a strategic sourcing center.
Mr. Jones joined Air Products in 1992 and has since held various executive leadership positions in the commercial and legal organizations. Mr. Jones has served as senior vice president and general manager of Global Tonnage Gases, Equipment and Energy since 2009 and has been a member of the company’s corporate executive committee since 2007 when he was named senior vice president, general counsel and secretary. He holds a Bachelor of Science degree in economics from Bloomsburg University, a Master of Business Administration from Temple University, and a law degree from the University of Pennsylvania.
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 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2010.