Barker Named VP and Controller; Bradford Named VP, Financial Reporting and Tax
November 23 2009 - 4:00PM
PR Newswire (US)
BROOMFIELD, Colo., Nov. 23 /PRNewswire-FirstCall/ -- Ball
Corporation (NYSE:BLL) today announced that Shawn M. Barker has
been named vice president and controller of the corporation. He
will become a corporate officer and will lead the company's
accounting function. Douglas K. Bradford has been named vice
president, financial reporting and tax, reporting to Barker. Both
positions are effective Jan. 1, 2010. Barker, 42, first joined Ball
in 1996 as manager, financial reporting. He became manager,
planning and analysis in 2003. Since 2006 he has been vice
president, operations accounting. Bradford, 52, joined Ball in 1989
as director, tax administration. During his career at Ball, he has
been senior director, tax administration; assistant controller;
controller and VP and controller. "The increased complexity of
operations accounting, financial accounting and reporting and tax
in today's regulatory environment places significant demands on
public corporations," said Scott C. Morrison, who will become
senior vice president and chief financial officer on Jan. 1, 2010.
"Shawn and Doug are experienced accountants with a deep knowledge
of Ball's businesses, and are well-suited to lead these important
functions for the company." 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 14,500 people
worldwide and reported 2008 sales of approximately $7.6 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; 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; 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 current global recession and its effects on
liquidity, credit risk, asset values and the economy; successful or
unsuccessful acquisitions, joint ventures or divestitures;
integration of recently acquired businesses; regulatory action or
laws including tax, environmental, health and workplace safety,
including in respect of climate change, 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; 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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