Bioceres Crop Solutions announces changes to board of directors

ROSARIO, Argentina - Bioceres Crop Solutions Corp. (NASDAQ:BIOX) announced Thursday that Noah Kolatch and Scott Crocco will join its Board of Directors effective June 24, 2025.

Kolatch is a Principal at Jasper Lake LLC, a family investment office. He previously served as a Partner at Solel Partners and holds a biochemistry degree from Columbia College. Crocco brings over 30 years of finance and operations experience, having served as CFO of Air Products & Chemicals, Inc. (NYSE:APD) and later as CFO of Imperial Dade.

The company also announced that Gloria Montaron Estrada, who has served since February 2019, and Keith McGovern, who joined in July 2022, will resign from the board on June 24, 2025.

Additionally, Enrique Lopez Lecube, the company’s CFO, will rotate off the board, with Milen Marinov, Chief Commercial Officer, filling the resulting vacancy. According to InvestingPro analysis, Air Products & Chemicals, where Crocco previously served, currently trades at a premium to its Fair Value, with a P/E ratio of 39.84. Subscribers can access detailed financial health scores and 12+ additional ProTips for both companies.

CEO Federico Trucco acknowledged the contributions of the departing directors and welcomed the new appointees, noting their experience and strategic insight.

The board changes coincide with amendments to note purchase agreements the company entered into in August 2022 with several entities including Jasper Lake Ventures One LLC, Redwood Enhanced Income Corp., Liminality Partners LP, and Solel-Bioceres SPV, L.P. For comprehensive analysis of these companies and over 1,400 other stocks, including detailed Pro Research Reports, visit InvestingPro.

Bioceres Crop Solutions develops agricultural productivity solutions focused on crop resilience to climate change. The information was disclosed in a company press release.

In other recent news, Air Products & Chemicals Inc. reported its financial results for the second quarter of 2025, missing earnings expectations. The company posted an adjusted earnings per share (EPS) of $2.69, which fell short of the forecasted range of $2.75 to $2.85. Revenue was also slightly below expectations at $2.92 billion, compared to the anticipated $2.94 billion. In light of these results, TD Cowen lowered its price target for Air Products to $315, maintaining a Buy rating, reflecting confidence in the company’s strategic realignment.

Meanwhile, Moody’s Ratings revised the outlook for Air Products to negative from stable, citing concerns over the company’s ability to maintain credit metrics amid negative free cash flow in 2025. The firm also adjusted Air Products’ ESG Credit Impact Score from CIS-1 to CIS-2 due to execution risks related to debt reduction plans. Morgan Stanley resumed coverage of Air Products with an Equalweight rating and set a price target of $290. The analysts noted that while the company is on a favorable path under new leadership, significant stock outperformance may depend on improvements in return on invested capital (ROIC).

Additionally, Air Products announced a strategic shift focusing on its core industrial gas operations and outlined plans for clean hydrogen projects. The company aims to reach a free cash flow breakeven by fiscal year 2027 and increase capital expenditures to $2.5 billion by 2030. These developments come as the company plans to reduce its workforce by approximately 11% by fiscal years 2027 and 2028, aiming to support an adjusted EPS growth rate from 2026 to 2029.

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