David H. Y. Ho, chairman of Kiina Investment, has been elected to Air Products' (NYSE:APD) board of directors.
John McGlade, chairman, president and CEO of Air Products, noted that "David's extensive experience establishing and building businesses in China will bring significant value to the company as we execute on our strategy there."
Based in Beijing, Ho, 53, is chairman and founder of Kiina Investment, a venture capital firm that invests in start-up companies in the technology, media and telecommunications industries. Ho previously served as chairman of Greater China for Nokia Siemens Networks, president of Greater China for Nokia Corporation, and senior vice president of the Nokia Networks Business Group. He has also held senior leadership roles with Nortel Networks and Motorola in China and Canada.
Ho currently serves as a member of the Board of Pentair Limited and Triquint Semiconductor in the United States and two Chinese state-owned enterprises: China Ocean Shipping Company and Dong Fang Electric Corporation. He holds a B.A.Sc degree in Engineering and an M.A.Sc in Management Sciences from the University of Waterloo in Canada.
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10 billion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2012.