According to an Air Products filing with the US Securities and Exchange Commission (SEC), on the 16th May 2018 Corning F. Painter, Executive Vice-President, Industrial Gases of Air Products and Chemicals, Inc., informed the company that he will depart in order to pursue other opportunities.
In connection with Painter’s departure, the company and Painter entered into a Transition and Separation Agreement. Painter will receive a cash severance payment of $2,582,005 and will be eligible to receive a severance bonus payment of $1,000,000 if the company completes a business development project before 31st December 2019.
Painter joined Air Products in 1984 as part of the company’s Career Development Programme, and gradually rose through the ranks to become a senior-level executive. He holds a BS degree in chemical engineering from Carnegie Mellon University, and is a Certified Professional Engineer in Pennsylvania.
... to continue reading you must be subscribed
