jobwerx Manufacturing News

Ball Corporation's Board of Directors today elected president and chief executive officer R. David Hoover to the additional position of chairman of the board.

INSIGHT

April 30- 2002 BROOMFIELD, CO - USA

Ball Corporation's, Hoover, 56, has been president and CEO since January 2001. Under his leadership Ball's stock price has more than doubled as the company has restructured its China packaging operations, exited two developmental aerospace product lines, formed a can manufacturing joint venture with a major U.S. brewer and made a strategic acquisition of a Midwest plastic bottle manufacturer. Prior to becoming CEO, Hoover was vice chairman, president and chief operating officer. Before that he was vice chairman and chief financial officer. He has been with the company since 1970. "I appreciate the confidence the board has shown in me by electing me its chairman," Hoover said. "We have a strong management team, a great group of employees and a tremendous amount of momentum in our businesses. I am pleased with the progress we have made in executing our strategic plan, and we have many more opportunities for growth and improvement." The board also elected Scott C. Morrison vice president and treasurer, and Douglas K. Bradford controller. Morrison, 39, joined Ball as treasurer in 2000. Bradford, 44, has been with Ball since 1989 and has been assistant controller since 1998. Ball's shareholders elected William P. Stiritz and Stuart A. Taylor II to continuing three-year terms as directors of the company. Stiritz is chairman of Energizer Holdings, Inc., and Ralcorp Holdings, Inc., both of St. Louis. Taylor is CEO of The Taylor Group of Chicago. Ball's board declared a regular quarterly dividend of nine cents per share on the company's common stock. The dividend is payable June 17 to shareholders of record June 3. Ball Corporation is one of the world's leading suppliers of metal and plastic packaging to the beverage and food industries. The company also owns Ball Aerospace & Technologies Corp. Ball reported 2001 sales of $3.7 billion, of which approximately $3.3 billion came from its packaging segment and $400 million from its aerospace and technologies segment. The company will release its first quarter 2002 earnings on Thursday morning. Conference Call Information Ball Corporation will hold a conference call to discuss its first quarter 2002 results at 11 a.m. Eastern Daylight Time on Thursday, April 25. R. David Hoover, Ball's chairman, president and chief executive officer, will host the call. The North American toll-free number for the call is 800-246-9120. International callers should dial 415-908-4755.

To listen to a live Web cast, use the following Web address: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=BLL&script=2400&item For those unable to listen to the live call, a taped rebroadcast will be available until 1 a.m. EDT on May 3, 2002. To access the rebroadcast, dial 1-800-633-8284 (domestic callers) or 858-812-6440 (international callers) and enter 20471411 as the pass code. A Web cast replay will be available at the call's conclusion at the Web address above. A written transcript of the call will also 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 The information in this news release may contain "forward-looking" statements. Actual results or outcomes may differ materially from those expressed or implied. Please refer to the Form 10-K filed by Ball Corporation on March 28, 2002, for a summary of key risk factors that could affect actual results or outcomes. Key risk factors may include, but are not limited to, industry capacity and competitive activity, the weather, vegetable and fishing yields, authorization, funding and availability of government contracts, availability and cost of raw materials and energy, international business risks (including foreign exchange rates), consumer and customer demand, terrorist activities or war and U.S. and foreign economic conditions.

Web site: http://www.ball.com (NYSE: BLL)

WE WANT YOUR FEEDBACK.

Did you find this material interesting?

Do you want more information of this type?

Comment via FEEDBACK

What related topics would you like to see covered?

What additional information on this topic would you find useful?

Source: Ball Corporation

Please patronize our many sponsors, affiliates and advertisers today so that we may bring you more advanced services tomorrow. Have you seen the great deals from top brand name manufacturers?

Jobwerx makes no representation as to the accuracy of information transmitted herein.