Cucuel leaves Air Products

Sunday, October 9, 2005

LEHIGH VALLEY, Pa. -- Bob Cucuel, who rolled up a large East Coast HME company and then sold it to industrial gas giant Air Products in 2002 for $165 million, announced last week that he would step down as CEO to "pursue other opportunities."

"The three-year anniversary of the (acquisition) was last Saturday, and I had agreed to stay on for three years," Cucuel told HME News last week. "The company's strategy will not change because one person moves on. There is a great team to lead the company into the future."

Current Chief Operating Officer Dave Hunter will manage the business, effective Oct. 1, 2005. Hunter joined Air Products Healthcare in 2002 after 16 years with Air Products and has led the finance, IT and operations functions since joining the U.S. homecare business.

As for what his future holds, Cucuel said he plans to "go to private equity and build another company" in some other area of health care.

Cucuel began rolling up American Homecare Supply in 1999. The company changed its name to Air Products Healthcare after the acquisition.