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Air Products names CFO successor Scott Crocco

Published On: Oct 19 2012 09:19:55 AM CDT
Updated On: Oct 19 2012 09:26:17 AM CDT
Paul Huck and Scott Crocco

When Paul Huck retires in February, 2013, Scott Crocco will take over at Air Products.

LEHIGH VALLEY, Pa. -

When Air Products' chief financial officer Paul E. Huck retires in February, Scott Crocco will take over the reins.

On Friday, the company announced its CFO succession plan.

Huck, 62, senior vice president and chief financial officer, plans to retire on February 28 after more than 33 years of service to the company.

Crocco, 48, is currently vice president and controller. Crocco will be responsible for all aspects of the worldwide financial organization including controllership, treasury, investor relations, tax and audit. He will report to John E. McGlade, chairman, president and CEO, and will also serve on the company's Corporate Executive Committee.

John McGlade, Air Products' chairman, president and CEO said, "Paul Huck has exemplified the best of everything Air Products stands for. The company has grown tremendously during his distinguished tenure, and he has been a key player every step of the way as a leader, trusted colleague and member of the Corporate Executive Committee. Through his careful mentoring of Scott and long-term leadership of the finance group, he leaves the Air Products finance team well positioned for this transition. I would like to thank Paul for his outstanding service and dedication to Air Products."

McGlade continued, "Scott Crocco brings to the role a significant depth and breadth of understanding of Air Products from his extensive experience across all areas of the Finance organization, including his most recent role as corporate controller and chief accounting officer. The board of directors and I have every confidence in his abilities as he assumes this key role."

Crocco joined Air Products in 1990 as a participant in the company's Career Development Program. He subsequently held a variety of financial analysis and financial management positions in the Chemicals Group, Gases Group, Corporate Treasury and Corporate Controllership. He became manager of financial analysis and planning in Corporate Treasury in 2000; controller for the Electronics Division in 2001; and director of Corporate Decision Support in 2003 before being named to his current role in 2006. In this role, he also had responsibility for Corporate Strategy for two years.

He received a B.S. degree in electrical engineering from Bucknell University in 1986 and an M.B.A. from Cornell in 1990.

Huck joined Air Products in 1979 as a financial analyst in the financial planning department. In 1980 he became manager of project control for the engineering department of the Process Systems Group, and subsequently was named controller for several divisions within the Group. Mr. Huck was appointed controller for the Chemicals Group in 1987; controller for Environmental and Energy Systems in 1992; and corporate controller in 1994. In 1995 he was elected vice president by the company’s board of directors, and in 2000 he was appointed to the Program Management Office where he was responsible for leading the company’s work process efforts. Mr. Huck was reappointed vice president and corporate controller in 2002?retaining responsibility for SAP implementation company-wide?before assuming his current position.

He earned a B.S. degree in mathematics from the United States Naval Academy in 1972 and an M.B.A. from Cornell University’s Johnson Graduate School of Management in 1979. He served as an officer in the United States Navy from 1972 to 1979.