Ball Corp. CFO Howard Yu is stepping down, after less than two years in the role.
Yu will depart as of June 30. He joined the company in September 2023 to replace Scott Morrison, who retired. Yu leaving is “not related to any disagreement with the company on any matter relating to its accounting practices, financial statements, internal controls or operations,” the company said in a news release.
In February 2024, shortly after Yu joined Ball, the company sold its aerospace business to BAE Systems for approximately $5.6 billion and became a pure-play packaging company.
In February 2025, executives announced on an earnings call that Ball would acquire Florida Can Manufacturing, with Yu estimating a $25 million benefit this year. Also during Yu’s tenure, the company reworked its aluminum cups strategy: In March, Ball announced that it would form a joint venture with tech advisory firm Ayna.AI to take over the aluminum cups business, with Ball becoming a minority investor in the 49-51 joint venture.
While Ball searches for a permanent successor, it has named Daniel Rabbitt as interim CFO. He is currently senior vice president of corporate planning and development, a position he has held since 2016.
Most of Rabbitt’s career at Ball has been in executive management roles in close collaboration with the CEO and board of directors, according to a news release. He also previously served as vice president and general manager of the company’s aerosol business.
Rabbitt has closed more than 25 strategic transactions during his more than 20 years at Ball, including acquisitions, investments, joint ventures and dispositions, the news release says.
