This approval represents the achievement of an essential condition for the transaction to close. with Linde AG with 83 per cent of the total issued and outstanding shares of Praxair common stock voted to approve the business combination, representing approximately 99 per cent of the total votes cast at a special shareholders meeting. today approved the merger of Praxair, Inc. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.The shareholders of Praxair, Inc. The issuer is solely responsible for the content of this announcement. Investor Relations Juan Pelaez Phone: +1 2 Email: Relations Anna Davies Phone: +44 1483 244705 Email: Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.įor more information about the company and its products and services, please visit Contacts: Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
Linde could not be in better hands."Ībout Linde Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). "I'm pleased to know Steve will now lead the Board of Directors and Sanjiv will be at the helm of the company. "It was an honor to work with Linde's outstanding board members and senior management throughout my tenure as Chairman," said Reitzle. Reitzle retires from Linde after nearly 20 years with the company, during which he served as President and CEO of Linde AG and Chairman of the Supervisory Board of Linde AG. I'm confident that under Sanjiv's leadership, Linde will maintain our high-performance culture, aggressively implement our new sustainability goals and leverage the many growth opportunities we have in front of us to create significant shareholder value." Angel continued, "I want to thank Wolfgang for his partnership in enabling our highly successful merger and his leadership as Chairman of the Board of Directors." "As Chairman, I look forward to working with Sanjiv as we further strengthen Linde's reputation for excellence. "It has been a privilege to lead Linde to become the best performing industrial gases and engineering company in the world," said Angel. Prior to his role as Linde CEO, Angel served as Chairman, President and CEO of Praxair, Inc. Under his leadership, the company implemented a culture of operational excellence and capital discipline which, when combined with industry leading growth, generated 100% Total Shareholder Return over the last three years. I look forward to working with the talented Linde team to continue driving our high-performance culture and create sustainable value for Linde shareholders."Īngel was named Chief Executive Officer of Linde plc in 2018, having successfully led the merger of Linde AG and Praxair into the world's largest global industrial gases and engineering company. "Linde is exceptionally well-positioned to capitalize on profitable growth opportunities in several end markets, including electronics, healthcare and clean energy. "I am truly honored to lead this outstanding company into the future," said Lamba. In addition to his appointment as CEO, Lamba will join Linde's Board of Directors, effective March 1, 2022. Throughout his more than 30-year tenure with Linde, he served in various leadership roles including Executive Vice President APAC, Head of Regional Business units (South & South East Asia) and Managing Director India.
Lamba was named Linde's Chief Ope Rating Officer in October 2020. Guildford, UK, OctoLinde (NYSE: LIN FWB: LIN) today announced its Board of Directors has appointed Sanjiv Lamba to succeed Steve Angel as Chief Executive Officer and Steve Angel to succeed Wolfgang Reitzle as Chairman, effective March 1, 2022.
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