Green hydrogen producer Air Products has extended Seifi Ghasemi’s term as Chairman, President and Chief Executive Officer.

Today (May 18), the company’s board of directors announced an amendment to the employment agreement with Ghasemi.

The initial agreement will extend his employment term to September 30, 2028. On September 30, 2024 and each year after, the contract term will automatically renew to be a five-year term, unless either party terminates the agreement at the latest, four years ahead of the expiration date.

Speaking on his announcement, Ghasemi said, “Working together over the past nine years, we have increased the market capitalisation of Air Products from about $20bn to more than $60bn.