Investor ConfidenceMantle Ridge announced it had built a >$1B position in APD, indicating confidence in the company's potential and a commitment to seek changes to its capital allocation.
Leadership And ManagementThe appointment of Dennis Reilley as Executive Chairman and Eduardo Menezes as CEO of APD could leverage their extensive industry experience to drive the company's growth.
Strategic FocusAPD announced it completed the sale of its LNG process technology & equipment business to Honeywell for $1.81B, enabling focus on its core industrial gas business and clean hydrogen.