Airgas Inc., a company that distributes medical gas, has now announced a named a new chief executive officer after taking over from Air Products & Chemicals, Inc. last year.

Also, officials have stated that their quarterly profit rose nearly 40 percent since the takeover. The new CEO will start after the annual stockholder meeting that occurs every August.

The current CEO is also a founder of Airgas and he will continue to have extensive duties as a board member. For the fourth quarter ending on March 31, Airgas reported $88 million in earnings, which was at $62.8 million last year.

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