Ball Corporation Announces Departure of CFO Howard Yu, Effective June 30, 2025

Ball Corporation Announces Departure of CFO Howard Yu

Ball Corporation, a leading supplier of innovative and sustainable aluminum packaging solutions, has announced the upcoming departure of its Chief Financial Officer, Howard Yu. Effective June 30, 2025, Yu's resignation comes as part of a mutual agreement between him and the company. Importantly, this departure is not connected to any disputes over the company's accounting practices or financial statements.

The announcement was made on May 22, 2025, during a press conference held at the company’s headquarters in Westminster, Colorado. Daniel W. Fisher, the Chairman and CEO of Ball Corporation, expressed gratitude for Yu's contributions. "We appreciate Howard's dedication and the significant role he played in fortifying our balance sheet. Under his leadership, Ball made remarkable strides in meeting our financial commitments to shareholders," Fisher stated.

Yu has served nearly two years as CFO, during which he has implemented significant financial discipline across the organization. As he prepares to move on, Fisher conveyed well wishes for Yu’s future endeavors, emphasizing the value of the practices he established within the company. Yu's exit marks a noteworthy transition for Ball Corporation, which has experienced considerable growth during his tenure.

Following Yu’s departure, Daniel Rabbitt has been appointed as the interim CFO. Rabbitt, currently the Senior Vice President of Corporate Planning and Development, brings a wealth of experience to the role, having successfully orchestrated over 25 strategic transactions during his time at Ball. His career with the company has seen him involved in executive management positions, and he has worked closely with the CEO and board of directors to drive forward the company's strategic objectives.

In addition to his current position, Rabbitt previously served as the Vice President and General Manager of Ball’s Aerosol business. Before joining Ball Corporation, he was the Co-Founder and CFO of Mountain Union Telecom, LLC, which underscores his extensive experience in financial management and corporate strategy.

Ball Corporation remains steadfast in its mission, reaffirming its commitment to delivering a full-year comparable diluted earnings per share growth outlook of 11-14% for the upcoming year. The company is also focused on generating strong free cash flow, increasing economic value added (EVA), and continuing its long-term strategy to return value to shareholders throughout 2025.

For stakeholders eager for more information, Ball Corporation has indicated that further details will be made available in the company’s recently filed Form 8-K. This transparency reflects the organization’s dedication to maintaining open communication with its shareholders.

Founded in 1880, Ball Corporation has established itself as a leader in aluminum packaging solutions for beverage, personal care, and household products. Employing approximately 16,000 people globally, the company recorded 2024 net sales of $11.80 billion, excluding its divested aerospace business. Interested parties can learn more about Ball Corporation through their official website or connect on social media platforms like LinkedIn and Instagram.

As the company anticipates this leadership change, stakeholders are advised to stay attuned for updates regarding the appointment of a permanent successor to Yu. The upcoming months promise to be pivotal for Ball Corporation as it navigates this transitional period, aiming to uphold its strong market performance and commitment to sustainability.