Ball Corporation, an American aluminium can manufacturing company, will bid farewell to its Chief Financial Officer, Howard Yu, as he has decided to step down from his role effective June 30, 2025.
While announcing the news with heavy heart, Ball Corporation clarified that the departure is pursuant to a mutual agreement and is not related to any disagreements concerning accounting practices, financial statements, internal controls or operations.
When talking about the departure of his colleague, Daniel W. Fisher, chairman and chief executive officer, said, "We appreciate Howard's contributions during his tenure as chief financial officer. Under his leadership, the company strengthened its balance sheet and delivered on its financial commitments to shareholders. We thank him for nearly two years of dedicated service, value the discipline he instilled across the organization, and wish him every success in his future endeavours."
Under the leadership of Howard Yu, Ball Corporation continued to witness impressive growth in business up until the first quarter of 2025. Although the company faced some headwinds due to tariff, yet it reported steady sales figures of USD 3.1 billion in Q1 2025, compared to USD 2.87 billion a year ago. The company's comparable net earnings were also moderately stable on a Y-o-Y basis, amounting to USD 216 million versus USD 217 million.
Ball Corporation also named Daniel Rabbitt as the company's interim CFO until a permanent successor to Howard Yu joins in. Daniel Rabbitt is a Senior Vice President of Corporate Planning & Development at Ball Corporation, a role he has been serving since 2016. Over nearly a decade, Mr Rabbitt has closed more than 25 strategic transactions, including acquisitions, investments, joint ventures, and dispositions.
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