Ball Corporation Board Elects Two New Officers, Promotes Two Others and Declares Dividend; Shareholders Re-Elect Four Directors
April 25 2007 - 5:16PM
PR Newswire (US)
BROOMFIELD, Colo., April 25 /PRNewswire-FirstCall/ -- Ball
Corporation's (NYSE:BLL) board of directors elected two new
corporate officers and promoted two others during their meeting
today at Ball's corporate headquarters in Broomfield. Also today,
the corporation's shareholders elected four of the directors to new
three-year terms at Ball's annual meeting, and the board approved a
quarterly dividend. Lisa A. Pauley was elected vice president,
administration & compliance. Leroy J. Williams was elected vice
president, information technology and services. John A. Hayes and
Harold Sohn were promoted to senior vice president. Hanno C.
Fiedler; John F. Lehman; Georgia R. Nelson; and Erik H. van der
Kaay were elected to board terms that will expire at the
corporation's 2010 annual meeting. The dividend of 10 cents per
share is payable June 15, 2007, to shareholders of record on June
1, 2007. Pauley began her career at Ball in 1981 in the
corporation's aerospace division in Boulder, Colorado, and was that
unit's vice president, finance and administration, prior to 2004
when she joined the corporate staff as senior director,
administration and compliance. Williams has been vice president,
information systems, for Ball Packaging Products, Americas, since
joining the company in 2005. Prior to that he held several senior
positions in Colorado state government, including secretary of
technology and chief information officer. Hayes has been a vice
president of the corporation since 2000 and president of Ball
Packaging Europe since 2005. His new title is senior vice
president, Ball Corporation, and president, Ball Packaging Europe.
He joined Ball in 1999 and held positions in corporate planning,
strategy, marketing and development before becoming head of Ball's
European packaging business. Sohn has been a vice president of the
corporation since 1993. His new title is senior vice president,
corporate relations. He joined the company 1977 and has served in
public relations, industry affairs and corporate relations
positions throughout his career. Ball will report its first quarter
2007 results on April 26 (see conference call details below). Ball
Corporation is a supplier of high-quality metal and plastic
packaging products and owns Ball Aerospace & Technologies Corp.
Ball Corporation and its subsidiaries employ more than 15,500
people worldwide and reported 2006 sales of $6.6 billion.
Conference Call Details Ball Corporation will hold its regular
quarterly conference call on the company's results and performance
tomorrow at 9 a.m. Mountain Time (11 a.m. Eastern). The North
American toll-free number for the call is 800-263-9160.
International callers should dial 212-676-4900. For those unable to
listen to the live call, a taped rebroadcast will be available
until 11 a.m. Mountain Time on May 3, 2007. To access the
rebroadcast, dial 800-633-8284 (domestic callers) or
+1-402-977-9140 (international callers) and enter 21333853 as the
reservation number. Please use the following URL for a Web cast of
the live call and for the replay:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-
eventDetails&c=115234&eventID=1507344 A written transcript
of the call will be posted within 48 hours of the call's conclusion
to Ball's Web site at http://www.ball.com/ in the investor
relations section under "presentations." Forward-Looking Statements
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 Exhibit 99.2
in our Form 10-K, which are available at our Web site and at
http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in consumer and customer demand and
preferences; availability and cost of raw materials, including
recent significant increases in resin, steel, aluminum and energy
costs, and the ability to pass such increases on to customers;
competitive packaging availability, pricing and substitution;
changes in climate and weather; crop yields; industry productive
capacity and competitive activity; failure to achieve anticipated
productivity improvements or production cost reductions, including
those associated with our beverage can end project; the German
mandatory deposit or other restrictive packaging laws; changes in
major customer or supplier contracts or loss of a major customer or
supplier; and changes in foreign exchange rates, tax rates and
activities of foreign subsidiaries. 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; successful or unsuccessful
acquisitions, joint ventures or divestitures; integration of
recently acquired businesses; regulatory action or laws including
tax, environmental and workplace safety; 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; reduced cash flow; interest rates affecting our
debt; and changes to unaudited results due to statutory audits or
other effects. DATASOURCE: Ball Corporation CONTACT: Investors, Ann
T. Scott, +1-303-460-3537, , or Media, Scott McCarty,
+1-303-460-2103, , both of Ball Corporation Web site:
http://www.ball.com/
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