Dune Ives
About Dune Ives
Independent director since 2021; age 53. Founder and CEO of Movements That Matter, LLC (since November 2022), and former founding CEO of Lonely Whale (2016–2022). Holds a Ph.D. in Psychology and NACD.DC designation; member of the NACD Board Leaders Exchange (risk focus) and NASDAQ Center for Board Excellence. Serves on Ball’s Finance and Nominating/Corporate Governance Committees; classified as independent by the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Movements That Matter, LLC | Founder & Chief Executive Officer | November 2022–present | Strategic advisory services |
| Lonely Whale | Founding Chief Executive Officer | 2016–2022 | Led award‑winning impact campaigns influencing plastic waste policy; corporate action with Dell, IKEA, TOM FORD, Google, HP, Miller Knoll; UNSDG Impact Award |
| Vulcan, Inc. | Executive team; led World Changing Initiatives and Vulcan Philanthropy | Prior to 2016 | Oversaw $100M Ebola response; designed successful WA State voter initiative; embedded impact across portfolio |
| Milepost Consulting | Founder | Prior to 2016 | Sustainability/corporate responsibility consulting across utilities, sports/entertainment, agriculture, municipalities, real estate |
| Presidio Graduate School | Adjunct professor | Prior to 2016 | Developed/taught first course on climate change business strategies |
| Green Sports Alliance | Co‑founder | Prior to 2016 | Industry coalition on sustainability in sports |
External Roles
| Organization | Role | Committees/Engagement |
|---|---|---|
| NACD Board Leaders Exchange | Member | Focus on risk |
| NASDAQ Center for Board Excellence | Member | Board excellence initiatives |
| Current public company boards | None | — |
Board Governance
| Item | Detail |
|---|---|
| Independence | Independent director; Ball reports 9 of 10 directors independent; all four committees composed entirely of independent directors |
| Committees | Finance; Nominating/Corporate Governance (member) |
| Committee responsibilities (Finance) | Oversees financing, risk management activities, retirement plans/insurance, interest rate/commodity/currency hedging; engages external experts as needed |
| Committee responsibilities (Nominating/Corporate Governance) | Board composition/refreshment; director nominations; Board/committee evaluations; oversight of sustainability, ESG, IT and cybersecurity risk |
| Attendance & engagement | Board met 6 times in 2024; every director attended >75% of Board/committee meetings and attended 2024 Annual Meeting; independent directors hold executive sessions at least annually; non‑management directors meet separately at each regular Board meeting |
| Training/self‑assessment | Annual Board and committee self‑evaluations; orientation for new directors; ongoing education (e.g., NACD, KPMG conferences) |
Fixed Compensation
| Component (2024) | Amount |
|---|---|
| Fixed cash retainer | $90,000 |
| RSU grant (annual) | $155,022; 2,378 RSUs at $65.19 grant‑date price (April 24, 2024) |
| All other compensation | $20,000 (company match in director deferred stock plan) |
| Program structure (unchanged vs 2023) | Fixed retainer $90,000; target incentive cash retainer $15,000; RSU award $155,000; meeting fee $750; chair/lead fees as applicable (not applicable to Ives) |
Performance Compensation
| Metric | Target/Structure | 2024 Outcome | Payout Impact |
|---|---|---|---|
| Annual incentive retainer | $15,000 target; based on Ball’s EVA®; 0%–200% payout range | EVA® exceeded target by $212.1M; EVA® component paid at maximum 200% (threshold −$76.5M; target $153.5M; max +$268.5M; actual $365.6M) | $30,000 paid to Ives (200% of $15,000 target) |
Other Directorships & Interlocks
| Company | Role | Interlock/Relationship to Ball |
|---|---|---|
| None | — | No public company directorships disclosed; no interlocks identified |
Expertise & Qualifications
- Sustainability and corporate responsibility leader with three decades of domestic/international impact marketing and policy change experience; Ph.D. in Psychology; NACD.DC designation .
- Recognized campaign execution with corporate partners; UNSDG Impact Award; co‑founded Green Sports Alliance; adjunct teaching on climate business strategy .
- Governance participation through NACD Board Leaders Exchange (risk) and NASDAQ Center for Board Excellence .
- Ball’s skills matrix associates her with governance, executive leadership, global business, operations/strategy, and corporate responsibility/sustainability competencies .
Equity Ownership
| Item | Amount / Status |
|---|---|
| Shares beneficially owned (Feb 20, 2025) | 5,356 shares |
| Deferred share/stock unit equivalents | 3,996 units |
| RSUs outstanding | 4,061 units |
| Director ownership guideline | Required to own Ball stock valued at 5× (fixed annual cash retainer + target incentive retainer); 5‑year compliance window |
| Guideline compliance status | In process of attaining required shares within prescribed timeframe (joined Oct 2021) |
| Anti‑hedging/pledging policy | Directors prohibited from hedging or pledging Ball stock; no margin accounts/short selling permitted |
| Section 16(a) filings | Company reports compliant filings in 2024–2025 except specified non‑Ives incidents; no delinquency noted for Ives |
Governance Assessment
- Alignment and independence: Independent director on two key committees; committee structures are fully independent, supporting effective oversight .
- Committee fit: Sustainability/ESG and risk oversight within Nominating/Corporate Governance aligns with Ives’ background; Finance Committee exposure to capital structure, hedging and risk complements Ball’s post‑Aerospace deleveraging focus .
- Engagement: Board held 6 meetings in 2024 with >75% attendance by all directors; independent/non‑management executive sessions and annual evaluations bolster oversight quality .
- Ownership/skin‑in‑the‑game: Holds common shares, RSUs, and deferred units; actively building towards director ownership guideline within 5‑year window; participates in director deferred stock plan with company match .
- Compensation: Director pay uses both fixed and at‑risk components; 2024 incentive retainer tied to EVA® paid at maximum, consistent with strong EVA® outcome; program unchanged from 2023, indicating stable governance practices .
- Conflicts/related‑party: No related‑party transactions involving Ives disclosed; company maintains robust related‑person transaction review protocols .
RED FLAGS
- Ownership guideline not yet met (still within 5‑year compliance window for a 2021 appointee) — monitor progress for full compliance .
- Finance Committee membership without explicit finance/accounting expert designation in matrix; however, Audit Committee retains designated financial experts and Finance Committee’s remit is broader capital/risk oversight .