Activist Mantle Ridge Wins Three Board Seats at Air Products

Activist investor Mantle Ridge has won three seats on the board of hydrogen supplier Air Products and Chemicals Inc.

Air Products shareholders voted to elect Mantle Ridge nominees Paul Hilal, Dennis Reilley and Andrew Evans to the company’s board at an annual investor meeting on Thursday, according to a statement that confirmed an earlier Bloomberg News report. Hilal is Mantle Ridge’s founder.

Seifi Ghasemi, Air Products’s chief executive officer, has lost his seat on the board. He remains CEO at the moment.

Shares in Air Products were up about 1% at 11:49 a.m. in New York, giving ...