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Posted 25 October, 2021

LINDE PLC appointed Sanjiv Lamba as new CEO

NYSE:LIN appointed new Chief Executive Officer Sanjiv Lamba in a 8-K filed on 25 October, 2021.


  On October 25, 2021, the Board of Directors of Linde plc (the "Company") appointed Sanjiv Lamba to succeed Stephen F. Angel as the Company's Chief Executive Officer, and elected Mr. Lamba to the Board of directors, each effective March 1, 2022.  

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Overview of LINDE PLC
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Linde plc engages in the production and distribution of industrial gases. It operates through the following segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and South Pacific (APAC); Engineering; and Other. The America segment operates production facilities in the U.S., Canada, Mexico, and Brazil. The EMEA segment comprises of production facilities in Germany, France, Sweden, the Republic of South Africa, and the United Kingdom. The APAC segment consists production facilities located primarily in China, Australia, India, South Korea, and Thailand The Engineering segment designs and manufactures equipment for air separation and other industrial gas applications. The company was founded in 1879 and is headquartered in Guildford, the United Kingdom.
Market Cap
$221B
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Relevant filing section
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(b),(c), (d)


Appointment of New Chief Executive Officer


On October 25, 2021, the Board of Directors of Linde plc (the "Company") appointed Sanjiv Lamba to succeed Stephen F. Angel as the Company's Chief Executive Officer, and elected Mr. Lamba to the Board of directors, each effective March 1, 2022. 


Mr. Lamba, age 57, was named Linde's Chief Operating Officer in October 2020. 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. 


Appointment of New Chairman of the Board and Director Retirements


On October 25, 2021, the Board of Directors also appointed Stephen F. Angel as the Chairman of the Board Effective March 1, 2022 upon his retirement as the Company's CEO and to succeed Wolfgang Reitzle who will retire from the Board in accordance with the Board's Tenure and Resignation Policy. In addition to Mr. Reitzle, the following other members of the Company's Board of Directors will retire effective March 1, 2022 in accordance with this Policy: Prof. Dr. Clemens Börsig, Dr. Nance K. Dicciani, Mr. Franz Fehrenbach and Mr. Larry McVay. 


Election of New Directors


On October 25, 2021, the Board of Directors also elected Alberto Weisser and Josef Kaeser as new members of the Board of Directors effective November 1, 2021. Mr. Weisser will serve on the Audit Committee and the newly created Sustainability Committee, and Mr. Kaeser will serve on the Nomination and Governance Committee and the Human Capital Committee. Messrs. Weisser and Kaeser will be entitled to participate in the Linde non-management director compensation program described under the caption "Director Compensation: Director Compensation Program" in the Company's 2021 proxy statement dated April 29, 2021.