Air Products appoints vice president and CFO

US producer and supplier of industrial gases used in industrial applications Air Products and Chemicals, Inc. announced on 23 April that John R. Owings has been appointed vice president and chief fin…

US producer and supplier of industrial gases used in industrial applications Air Products and Chemicals, Inc. announced on 23 April that John R. Owings has been appointed vice president and chief financial officer (CFO), effective 20 May 2002, succeeding Leo J. Daley, who will retire this summer after a 23-year career with Air Products. Owings will be responsible for all aspects of the worldwide financial organization including treasury, investor relations, controllership and audit. He will report to John P. Jones, chairman and CEO. Owings joins Air Products from Motorola, Inc. where he recently served as senior vice president and director of finance for the company“s Personal Communications Sector. Since joining Motorola in 1973, Owings has served in roles of increasing responsibility as director of finance for five major Motorola businesses, including the Personal Communications Sector; Motorola“s Network Solutions Sector and Satellite Communications Group; the Radiotelephone Systems Group; the Motorola Computer Group; and the Integrated Electronics Systems Sector. Owings graduated from Northern Illinois University, earning both his B.S. degree in accounting in 1971 and an M.B.A. in finance in 1976. Air Products also announced the appointment of Marshall Sullivan as vice president and corporate treasurer for the company. Sullivan has served as corporate treasurer since 1998. He will report to Owings. Sullivan joined Air Products in 1971 as a participant in the company“s Career Development Program. He progressed through a series of operating controllership assignments leading to the position of Process Systems Group controller in 1982. In 1990 he was appointed assistant treasurer with responsibility for corporate finance and financial planning and analysis. He assumed additional responsibilities for pension and savings plan investments in 1993 and treasury operations in 1994. Sullivan received a B.S. degree in mechanical engineering from Carnegie Mellon University in 1965 and an M.B.A. from Cornell University in 1971. He is a member of the National Association of Corporate Treasurers and the Financial Executives Institute.