Ball Corp. President & CEO R. David Hoover '67 Adds Board Chair to Duties
May 8, 2002
May 8, 2002, Greencastle, Ind. - Ball Corporation's (NYSE: BLL) Board of Directors has elected president and chief executive officer R. David Hoover to the additional position of chairman of the board. "I appreciate the confidence the board has shown in me by electing me its chairman," said Hoover, a 1967 graduate of DePauw University and a member of DePauw's Board of Visitors. "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."
Hoover has been president and CEO of Ball since January 2001. Under his leadership the company'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. Hoover received a bachelor's degree in economics from DePauw in 1967, an M.B.A. in finance and real estate from Indiana University in 1970, and completed the Advanced Management Program of the Harvard University Graduate School of Business in 1988.
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 Corporation. Ball reported 2001 sales of $3.7 billion. It recently reported first quarter 2002 sales of $753.3 million.Back