Linde plc
John Panikar to Retire as Executive Vice President-APAC from Linde
Summary
Linde plc announced that John Panikar, Executive Vice President-APAC, will retire effective March 31, 2025, after 33 years with the company. Mr. Panikar will continue in a non-executive role until his retirement, earning his annual salary of $700,000 and receiving standard employee benefits. He is also eligible for a variable compensation cash bonus for 2024. Following his retirement, he will receive severance benefits totaling $1.426 million, including a lump sum payment and additional compensation based on company performance. Mr. Panikar will also receive COBRA continuation of health plan benefits until December 31, 2025, or the end of his COBRA eligibility. He has reaffirmed his obligations under a Nondisclosure, Nonsolicitation, and Noncompetition Agreement.
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About Linde plc
Linde plc is a multinational industrial gas and engineering company that plays a pivotal role in various sectors by providing essential gases and services. The company engages in the production and supply of industrial, process, and specialty gases, which are crucial for diverse industries including healthcare, manufacturing, food and beverage, electronics, and energy. Linde's offerings aid in improving efficiency, reducing emissions, and enhancing productivity across these sectors. With a heritage dating back to 1879 and its current domicile in the United Kingdom, Linde has firmly established itself as a global leader through continuous innovation and strategic expansion. The company's extensive portfolio includes atmospheric gases like oxygen, nitrogen, and argon, as well as hydrogen and helium, supporting critical operations from steel manufacturing to water treatment and medical applications. Linde's significance in the market is underscored by its widespread geographical reach and strong commitment to sustainable practices and technological advancements, further reinforcing its crucial role in supporting sustainable industrial development worldwide.
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