"Todd is an excellent addition to our board of directors as we focus on our long-term growth plans and increasing value creation for our shareholders," said John Hayes, Ball chairman, president and CEO.
Penegor joined Wendy’s in June 2013 as senior vice president and chief financial officer. He served in the role for almost two years before becoming executive vice president and chief financial officer of the global restaurant company in December 2014. He was appointed to his current dual-role in May 2016.
Previously, Penegor served the Kellogg Company for more than 13 years in a wide range of senior leadership roles. In addition, he worked for the Ford Motor Co. for 11 years between 1989 and 2000.
He earned both his bachelor's degree in accounting and finance and master's degree in finance from Michigan State University.
Ball’s board of directors also declared a cash dividend of 15 cents per share, payable Dec. 16, 2019, to shareholders of record as of Dec. 2, 2019.
About Ball Corp.
Ball Corp. supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 17,500 people worldwide and 2018 net sales were $11.6 billion.