Ball Corporation Board Elects New Chairman, Names Three New Corporate Officers
- Ball Corporation's board of directors elected John A. Hayes as chairman
- R. David Hoover will continue to serve on the board as a director
- Michael Feldser, Gerrit Heske and Robert Strain elected corporate officers
- Theodore Solso appointed lead director
- Erik van der Kaay to retire from the board
BROOMFIELD, Colo., April 24, 2013
BROOMFIELD, Colo., April24, 2013 /PRNewswire/ --Ball Corporation's (NYSE:
BLL) board of directors today elected JohnA. Hayes, the company's president
and chief executive officer, as chairman of the board. R.David Hoover, who
had been chairman since 2002, will remain on the board as a director.
Additionally, the board elected MichaelW. Feldser, Gerrit Heske and RobertD.
Strain as new corporate officers, appointed TheodoreM. Solso as the
corporation's lead independent director and announced ErikH. vanderKaay's
retirement from the board.
"Dave Hoover's legacy established a strong foundation for Ball Corporation,
including impressive growth in sales and total shareholder return, as well as
the expansion of the company's international presence," said Tim Solso, lead
director and chairperson of the board's nominating/corporate governance
committee. "Since becoming CEO in 2011, John Hayes has successfully built upon
this foundation, and his strategic vision and leadership have continued to
drive Ball forward in a challenging economic environment. We thank Dave for
his leadership as chairman and look forward to the bright future ahead for
Ball under John's direction."
Hayes has been president and chief executive officer of Ball Corporation since
January 2011. He joined the company in 1999, and worked in leadership roles in
corporate planning, marketing and development before moving to Europe in 2005
and becoming president of Ball's European metal beverage packaging business a
year later. Hayes returned to the U.S. in 2008 to become executive vice
president and chief operating officer of Ball Corporation. In January 2010, he
became president and chief operating officer and joined Ball's board of
directors. He became chief executive officer in January 2011.
Hoover joined Ball Corporation's board of directors in 1996 and became
chairman in 2002. He served as Ball's chief executive officer from 2001 until
his retirement in January 2011, after more than 40years with the company.
In addition to reelecting all of the current corporate officers, the board
elected three new officers: Michael Feldser, senior vice president and chief
operating officer, global metal food and household products packaging; Gerrit
Heske, senior vice president and chief operating officer, global metal
beverage packaging; and Robert Strain, senior vice president and president,
Ball Aerospace & Technologies Corp. All were promoted to their current
divisional positions earlier this year.
The board also appointed Tim Solso as lead director and announced ErikH.
vanderKaay's retirement. Solso joined the company's board in 2003, and most
recently served as chief executive officer of Cummins Inc. from 2000 to 2011.
Ball Corporation is a supplier of high quality packaging for beverage, food
and household products customers, and of aerospace and other technologies and
services, primarily for the U.S. government. Ball Corporation and its
subsidiaries employ approximately 15,000 people worldwide and reported 2012
sales of more than $8.7billion. For the latest Ball news and for other
company information, please visit www.ball.com.
Conference Call Details
Ball Corporation (NYSE: BLL) will hold its regular quarterly conference call
on the company's results and performance on Thursday, April25, 2013, at
9a.m. Mountain Time (11a.m. Eastern). The North American toll-free number
for the call is 800-268-2160. International callers should dial 303-223-2680.
Please use the following URL for a webcast of the live call:
For those unable to listen to the live call, a taped replay will be available
at 11a.m. Mountain Time on April25, 2013, until 11a.m. Mountain Time on
May2, 2013. To access the replay, call 800-633-8284 (North American callers)
or 402-977-9140 (international callers) and use reservation number 21653175.
A written transcript of the call will be posted within 48hours of the call's
conclusion to Ball's website at www.ball.com in the investors section under
"news and presentations."
This release contains "forward-looking" statements concerning future events
and financial performance. Words such as "expects," "anticipates," "estimates"
and similar expressions are intended to identify forward-looking statements.
Such statements are subject to risks and uncertainties which could cause
actual results to differ materially from those expressed or implied. The
company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including Exhibit99 in our Form
10-K, which are available on our website and at www.sec.gov. Factors that
might affect our packaging segments include fluctuation in product demand and
preferences; availability and cost of raw materials; competitive packaging
availability, pricing and substitution; changes in climate and weather; crop
yields; competitive activity; failure to achieve anticipated productivity
improvements or production cost reductions; mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier contracts or
loss of a major customer or supplier; political instability and sanctions; and
changes in foreign exchange rates or tax rates. Factors that might affect our
aerospace segment include: funding, authorization, availability and returns of
government and commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts. Factors that might affect the
company as a whole include those listed plus: accounting changes; changes in
senior management; the recent global recession and its effects on liquidity,
credit risk, asset values and the economy; successful or unsuccessful
acquisitions; regulatory action or laws including tax, environmental, health
and workplace safety, including U.S. FDA and other actions affecting products
filled in our containers, or chemicals or substances used in raw materials or
in the manufacturing process; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust, patent and other
litigation; strikes; labor cost changes; rates of return projected and earned
on assets of the company's defined benefit retirement plans; pension changes;
uncertainties surrounding the U.S. government budget and debt limit; reduced
cash flow; interest rates affecting our debt; and changes to unaudited results
due to statutory audits or other effects.
SOURCE Ball Corporation
Contact: Investor Contact: Ann T. Scott, (303) 460-3537, email@example.com; or
Media Contact: Renee Robinson, (303) 460-2476, firstname.lastname@example.org
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