739_ Assistant to the Treasurer becomes the Chairman and Chief Executive Officer
Recently David Hoover was the keynote speaker at an ACG Denver luncheon. Dave is Chairman and CEO of the Ball Corporation. Larry asked, "When you started with Ball in 1970, did you have any information or feeling that you would become the CEO and Chairman?" Dave's reply, "No, not really. When I started with the company I was young, fresh out of business school, ambitious, but it wasn't in my mind. When I started, the company was still privately owned, it went public in 1972, so it's hard to believe it's been almost 40 years, but it’s been a great ride and I've been very fortunate to do the things that I have with Ball." Larry pointed out that many people in the geographic area think of it as Ball Aerospace, and we know that is only part of the business today? "Actually it's about 10% of our business today, and you're right a lot of the people in Colorado know us best for Aerospace. It is our oldest business; it's been around over 50 years and the next oldest business, we acquired and got started over in Golden in the beverage can business in 1969. But aerospace is still a favorite of mine. It's actually grown well over the last decade or so, sales last year were close to $800 million. But the company is close to $8 Billion now, so we've grown the rest of the company faster, primarily through acquisition but also organically." Larry asked, "What advice would you give to businesses that are addressing the changes they are today?" Dave shared some great advice, "I think the first thing you have to do is have a real good grasp on who you are, what you're good at, what your capabilities may be, and then take a look at the environment you operate in. You know, in our case now, it's a global market. Make sure you've got the people, the capabilities and the resources to go after what it is you think you want to."...listen for more...
Related Links: Ball Corporation || ACG Denver Website || M & A Channel || Event Photos || Keywords: David Hoover, Ball Corp, Ball Aerospace, Beverage Cans, ACG Denver, Acquisition, Change, Global Market > Channel: ACG 5408684 bytes 11/16/09 LISTEN









