NEW YORK – Norway’s sovereign wealth fund, one of Air Products and Chemicals (NYSE: APD) 10 biggest investors, said it will vote for all four of activist investor Mantle Ridge’s director candidates to join the industrial gases company’s board.
On its website, Norges Bank Investment Management said it will back all dissident nominees and vote against four of Air Products’ board members, including chief executive Seifi Ghasemi and lead director Edward Monser at the January 23 annual meeting. It did not explain its decision.
The investor owned a 1.55% stake in Air Products at the end of June, according to LSEG data.
