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John Hayes Named CEO at Ball Corp.

Ball Corporation’s (NYSE: BLL) board of directors today elected John A. Hayes to serve as president and chief executive officer.

Hayes replaces the retiring R. David Hoover, who will remain on as chairman of the board.

“I am honored to be elected CEO of Ball Corporation and excited about the opportunities ahead of us to create more value for our shareholders, ” Hayes said. “The stock split, dividend increase and stock repurchase authorization announced today return value to our shareholders while maintaining financial flexibility, and reflect management’s expectations of continued strong free cash flow generation and earnings performance.”

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