Ball Names Michael D. Herdman President of Metal Beverage Container Operations
May 26 2004 - 5:44PM
PR Newswire (US)
Ball Names Michael D. Herdman President of Metal Beverage Container
Operations BROOMFIELD, Colo., May 26 /PRNewswire-FirstCall/ --
Michael D. Herdman has been named president of Ball Corporation's
(NYSE:BLL) metal beverage container operations. Herdman will
oversee Ball's largest single operating unit, which includes 19
plants in Canada, the U.S. and Puerto Rico, as well as a domestic
joint venture company. (Photo:
http://www.newscom.com/cgi-bin/prnh/20040526/LAW107 ) "Ball
operates world-class metal beverage container operations, and in
Mike Herdman, we have a world-class, recognized and respected
person to lead this important portion of our company," said John R.
Friedery, senior vice president and chief operating officer, North
American packaging. "He knows our business, knows our customers,
knows our suppliers and understands the dynamics associated with
the metal beverage container industry." Herdman was most recently
president and chief executive officer of beverage cans Europe/Asia
for Rexam PLC, having left that position last year. He began his
can-making career in 1972 in the sales and marketing department of
the former National Can. Herdman's packaging experience includes
managing can making operations in Asia, Europe and Spain; directing
worldwide business development through a global licensee network;
and managing a plastic container division in the United States.
Ball Corporation is a leading supplier of high-quality packaging
products and innovative packaging solutions to the beverage and
food industries. The company also owns Ball Aerospace &
Technologies Corp., which develops sophisticated sensors,
spacecraft, systems and components for the government and
commercial space markets. Ball employs 12,600 people worldwide and
reported 2003 sales of $4.9 billion. Forward-Looking Statements The
information in this news release contains "forward-looking"
statements and other statements concerning future events and
financial performance. Words such as "expects," "anticipates,"
"estimates," and variations of such words and similar expressions
are intended to identify forward-looking statements.
Forward-looking 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 the company's filings
with the Securities and Exchange Commission, especially in Exhibit
99.2 in the most recent Form 10-K. These filings are available at
the company's website and at http://www.sec.gov/. Factors that
might affect the packaging segments of the company include
fluctuation in consumer and customer demand; competitive packaging
material availability, pricing and substitution; changes in climate
and weather; fruit, vegetable and fishing yields; industry
productive capacity and competitive activity; lack of productivity
improvement or production cost reductions; the German mandatory
deposit or other restrictive packaging laws; availability and cost
of raw materials, such as resin, steel and aluminum, and the
ability to pass on to customers changes in these costs; changes in
major customer contracts or the loss of a major customer;
international business risks, such as foreign exchange rates and
tax rates; and the effect of LIFO accounting on earnings. Factors
that might affect the aerospace segment include: funding,
authorization and availability of government contracts and the
nature and continuation of those contracts; and technical
uncertainty associated with segment contracts. Factors that could
affect the company as a whole include those listed plus: successful
and unsuccessful acquisitions, joint ventures or divestitures and
associated integration activities; regulatory action or laws
including environmental and workplace safety; goodwill impairment;
antitrust and other litigation; strikes; boycotts; increases in
various employee benefits and labor costs; rates of return
projected and earned on assets of the company's defined benefit
retirement plans; reduced cash flow; and interest rates affecting
our debt. http://www.newscom.com/cgi-bin/prnh/20040526/LAW107
http://photoarchive.ap.org/ DATASOURCE: Ball Corporation CONTACT:
Investors, Ann Scott, +1-303-460-3537, , or Media, Scott McCarty,
+1-303-460-2103, , both of Ball Corporation
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