Ball Corporation has announced that Howard Yu, the company’s chief financial officer (CFO), will be stepping down from his role effective 30 June, 2025, pursuant to a mutual agreement.

The departure is not related to any disagreement with the company on any matter relating to its accounting practices, financial statements, internal controls or operations.

“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 organisation, and wish him every success in his future endeavours,”  said Daniel W. Fisher, chairman and chief executive officer.

The company has appointed Daniel Rabbitt as interim chief financial officer until a permanent successor is named and will update shareholders as appropriate.

Mr. Rabbitt currently serves as senior vice president of corporate planning and development, a role he has held since 2016. During his tenure with Ball, he has successfully closed more than 25 strategic transactions, including acquisitions, investments, joint ventures and dispositions. Mr. Rabbitt also previously served as vice president and general manager of Ball’s Aerosol business. Most of his Ball career has been in executive management roles working closely with Ball’s chief executive officer and its board of directors. Prior to joining Ball, he was chief financial officer and co-founder of Mountain Union Telecom, LLC.

The company reaffirms its previously issued full-year comparable diluted earnings per share growth outlook of 11-14%, and is positioned to generate strong free cash flow, increase EVA and continue long-term return of value to shareholders in 2025.

Additional details can be found in the company’s recently filed Form 8-K.