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Linde could not be in better hands." About Linde "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.
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"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 Operating Officer in October 2020.
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The company has also created a Sustainability Committee on its board, it said, responsible for overseeing policies related to greenhouse gas reduction and decarbonisation.GUILDFORD, UK - EQS Newswire - 25 October 2021 - Linde (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. Linde also appointed two new directors to its board – Joe Kaeser, former CEO of Siemens AG, and Alberto Weisser, former CEO of Bunge International, effective Nov. It was the world’s leading supplier of oxygen to hospitals worldwide during COVID-19, and brought in 10% of sales through its electronics division amid coronavirus lockdowns. Linde reaped $27 billion in sales revenue last year as products across its portfolio were in high demand. Reitzle, who multiplied the company’s profit and valuation in his time as CEO, first joined the firm in 2002 after nearly thirty years in the automobile industry with BMW and Ford, and keeps a foot in his old turf as head of the supervisory board of supplier Continental. “I look forward to working with the talented Linde team.”Īngel has held the post of CEO since 2018, when he oversaw together with Reitzle the company’s merger with Praxair to create the world’s largest industrial gas and engineering firm. This advertisement has not loaded yet, but your article continues below.