Hayes Elected Executive Vice President, Chief Operating Officer; Friedery, Herdman Named to New Positions
January 23 2008 - 8:30AM
PR Newswire (US)
BROOMFIELD, Colo., Jan. 23 /PRNewswire-FirstCall/ -- Ball
Corporation's (NYSE:BLL) board of directors today elected John A.
Hayes executive vice president and chief operating officer of the
corporation. Ball also named John R. Friedery president, metal
beverage packaging, Americas and Asia, and Michael D. Herdman
president, Ball Packaging Europe. (Photo:
http://www.newscom.com/cgi-bin/prnh/20080123/LAW007) Hayes, 42, has
been a senior vice president of Ball Corporation and president of
Ball Packaging Europe, a subsidiary. All five of Ball's operating
units will report to Hayes. He will report to R. David Hoover, who
continues as chairman, president and chief executive officer. "John
brings leadership, energy, experience and intellect to this
important new assignment," Hoover said. "He has done an outstanding
job over the last three years while running our large European
subsidiary. That, along with his previous experience at Ball and
elsewhere, made him the obvious choice to head our operations."
Hayes joined Ball in 1999 as senior director, corporate planning
and development. He became an officer of the corporation in 2000
and was vice president, corporate strategy, marketing and
development, before taking over Ball Packaging Europe at the
beginning of 2005. Prior to joining Ball, he was a vice president
with Lehman Brothers in Chicago. In addition to Ball Packaging
Europe, the operating units reporting to Hayes will be metal
beverage packaging, Americas and Asia; metal food and household
products packaging, Americas; plastic packaging, Americas; and Ball
Aerospace & Technologies Corp. Friedery, 51, joined Ball in its
Tampa, Fla., metal beverage container plant in 1988. He has been
assistant plant manager, plant manager, vice president, senior vice
president and president of Ball's North American metal beverage
container operations. Since 2004 he has had responsibility for Ball
Asia Pacific Ltd., based in China, and Ball's metal food and
household products packaging, Americas, and plastic packaging,
Americas, divisions. In his new position, Friedery will focus on
Ball's beverage can operations in the Americas and Asia. Herdman,
57, has been president of metal beverage packaging, Americas, since
2004. Prior to joining Ball, he was president and chief executive
officer of beverage cans Europe/Asia for Rexam PLC. Herdman's
packaging experience includes managing can making operations in
Asia and Europe; directing worldwide business development through a
global licensee network; and managing a plastic container division
in the United States. "John and Mike are two seasoned metal
beverage packaging professionals who have been part of our company
since 1988 and 2004, respectively," Hayes said. "In their new roles
they will run businesses they know very well, which will allow us
to take maximum advantage of their experience and skills." Ball
Corporation is a supplier of high-quality metal and plastic
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 more
than 15,500 people worldwide and reported 2006 sales of $6.6
billion. 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 product 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; competitive activity; failure to
achieve anticipated productivity improvements or production cost
reductions, including our beverage can end project; 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; changes in senior management;
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.
http://www.newscom.com/cgi-bin/prnh/20080123/LAW007
http://photoarchive.ap.org/ 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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