Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On April 18, 2022, Russell A. Flugel, the Senior Vice President, Corporate
Controller and Principal Accounting Officer of Air Products and Chemicals, Inc.
(the "Company"), informed the Company that he was resigning, effective as of
May 6, 2022, in order to pursue other opportunities.
Jeffrey Kutz will succeed Mr. Flugel as the Company's Vice President, Corporate
Controller and Principal Accounting Officer, effective upon the effective date
of Mr. Flugel's resignation. Mr. Kutz, age 62, joined the Company in 2012 and
currently serves as Executive Director, Accounting Policy, Reporting and
Consolidation, with responsibility for global accounting policies, financial
statement preparation, implementation of new and emerging accounting guidance
and accounting for the Company's acquisitions, divestitures and megaprojects.
Prior to joining the Company, Mr. Kutz oversaw the accounting for complex
transactions at Exelon Generation and before that he was a Director at Chatham
Financial. Neither Mr. Kutz nor any of his immediate family members is a party,
either directly or indirectly, to any transaction that would be required to be
reported under Item 404(a) of Regulation S-K, nor is Mr. Kutz a party to any
arrangement or understanding under which he was selected to serve as an officer.
Mr. Kutz will receive salary, bonus and equity awards at levels that are
consistent with his seniority and position. He also will continue to receive
health, welfare and retirement benefits at levels that are generally available
to salaried employees.
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