USA – American multinational packaging company, Ball Corporation has appointed Dan Fisher as its next chief executive officer.  

Fisher, the current president of the packaging company, will succeed John Hayes, who will remain chairman of the board. 

Having spent more than 12 years at Ball, Fisher no stranger to how the packaging company operates.  He has previously held several executive leadership roles, such as senior vice president and COO, before being promoted to president in early 2021. 

Stuart Taylor, lead independent director on Ball’s board, said: “This announcement is the successful culmination of a purposeful, multiyear succession plan based on John’s desire to step away from day-to-day management.  

Dan has worked closely with the board over the past several years, and we look forward to the next phase in our development with Dan as CEO.” 

Fisher added: “It is an honour to be named the next CEO of Ball Corporation, and I want to thank both John and the board for the confidence they have placed in me to lead this strong organisation.  

Ball is well-positioned for the future, and I welcome the opportunity to continue to work with John as chairman and benefit from his experience as we create value for all of our stakeholders, using ‘Drive for 10’ and ‘EVA’ as our guide.” 

Ball declares a cash dividend

Earlier, Ball Corporation’s board of directors declared a cash dividend of 20 cents per share, payable March 15, 2022, to shareholders of record as of March 1, 2022. 

In addition, following a review of the company’s governance profile, the Board has amended the company’s bylaws to opt-out of the classified board structure required by the Indiana Business Corporation Law. 

The company also agreed to permit shareholders to amend the bylaws, and to increase the retirement age for directors to 75 years of age from 72 years of age.  

In line with these changes, the Board intends to recommend the company’s shareholders approve amendments to the company’s articles of incorporation to declassify the Board and to expressly permit shareholders to amend the bylaws at the company’s 2022 shareholders’ meeting. 

Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE