WESTMINSTER, Colo.,
Jan. 26, 2022 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) today announced that Dan Fisher, 49, currently president of Ball
Corporation, was elected by its board of directors to the
additional role of chief executive officer, effective at the annual
shareholders meeting on Wednesday, April 27. John Hayes, 56, who has been Ball's CEO since
January 2011, will remain chairman of
the board, and will continue to lead the company's board activities
and support its sustainability advocacy efforts.
"On behalf of our board of directors, we are pleased to elect
Dan as our next CEO, the 12th CEO in our company's 142-year
history," said John Hayes, chairman
and CEO. "Dan is a proven and respected leader who has exemplified
behaving like an owner, as he has delivered strong operating
results through a relentless commitment to our customers, our
people and our culture. He is ready for these new responsibilities,
and we could not be more excited for our future under Dan's
leadership."
Fisher, who was promoted to president in January 2021, will retain the title of president
as he assumes the CEO role. He has 12 years of executive leadership
experience at Ball in a variety of positions, including senior vice
president and chief operating officer of the global beverage
business from 2016 to 2021, and president of the North and
Central America beverage business
prior to that. More recently, he has had responsibility for Ball's
aerospace, aluminum aerosol and aluminum cups businesses. Prior to
Ball, Fisher held ever increasing financial leadership positions in
companies including Emerson and Danaher.
"This announcement is the successful culmination of a
purposeful, multiyear succession plan based on John's desire to
step away from day-to-day management. Dan has worked closely with
the board over the past several years, and we look forward to the
next phase in our development with Dan as CEO," said Stuart Taylor, lead independent director of
Ball's board of directors. "On behalf of the board, I want to thank
John for his dedication as CEO. Under his leadership, the company
has generated significant value and EVA dollars for its
stakeholders while ensuring Ball is truly sustainable from an
environmental, social and economic perspective. John's drive for
results—coupled with his focus on the Ball culture and commitment
to doing the right thing—have been key to both our past success and
positioning the company to capitalize on the many opportunities
ahead. I would also like to thank John for continuing as the
company's chairman and facilitating the change in leadership during
the transition period."
"It is an honor to be named the next CEO of Ball Corporation,
and I want to thank both John and the board for the confidence they
have placed in me to lead this strong organization," Fisher said.
"Ball is well-positioned for the future, and I welcome the
opportunity to continue to work with John as chairman and benefit
from his experience as we create value for all of our stakeholders,
using Drive for 10 and EVA as our guide."
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products customers, as well as aerospace and other technologies and
services primarily for the U.S. government. Ball Corporation and
its subsidiaries employ 21,500 people worldwide and reported 2020
net sales of $11.8 billion. For more information,
visit www.ball.com, or connect with us
on Facebook or Twitter.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," and similar expressions
typically identify forward-looking statements, which are generally
any statements other than statements of historical fact. Such
statements are based on current expectations or views of the future
and are subject to risks and uncertainties, which could cause
actual results or events to differ materially from those expressed
or implied. You should therefore not place undue reliance upon any
forward-looking statements and they should be read in conjunction
with, and qualified in their entirety by, the cautionary statements
referenced below. 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 factors,
risks and uncertainties that could cause actual outcomes and
results to be different are summarized in filings with the
Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations and changes in consumption patterns; availability/cost
of raw materials, equipment, and logistics; competitive packaging,
pricing and substitution; changes in climate and weather; footprint
adjustments and other manufacturing changes, including the startup
of new facilities and lines; failure to achieve synergies,
productivity improvements or cost reductions; unfavorable mandatory
deposit or packaging laws; customer and supplier consolidation;
power and supply chain interruptions; changes in major customer or
supplier contracts or loss of a major customer or supplier;
inability to pass through increased costs; political instability
and sanctions; currency controls; changes in foreign exchange or
tax rates; and tariffs, trade actions, or other governmental
actions, including business restrictions and shelter-in-place
orders in any country or jurisdiction affecting goods produced by
us or in our supply chain, including imported raw materials; b) our
aerospace segment include funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts;
c) the company as a whole include those listed above plus: the
extent to which sustainability-related opportunities arise and can
be capitalized upon; changes in senior management, succession, and
the ability to attract and retain skilled labor; regulatory actions
or issues including those related to tax, ESG reporting,
competition, environmental, health and workplace safety, including
U.S. FDA and other actions or public concerns affecting products
filled in our containers, or chemicals or substances used in raw
materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats;
litigation; strikes; disease; pandemic; labor cost changes;
inflation; rates of return on assets of the company's defined
benefit retirement plans; pension changes; uncertainties
surrounding geopolitical events and governmental policies,
including policies, orders, and actions related to COVID-19;
reduced cash flow; interest rates affecting our debt; and
successful or unsuccessful joint ventures, acquisitions and
divestitures, and their effects on our operating results and
business generally.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ball-corporation-board-elects-fisher-as-ceo-hayes-to-remain-chairman-301469071.html
SOURCE Ball Corporation