INDIANAPOLIS, June 1, 2017 /PRNewswire/ -- Eli Lilly and
Company (NYSE: LLY) announced today that Derica Rice, executive vice president global
services and chief financial officer, will retire at the end of
December 2017 after 27 years of
service with the company. Rice is also a member of Lilly's
executive committee.
"On behalf of our shareholders, our board, our executive team
and the company, I want to thank Derica for his leadership as our
CFO over the past eleven years," said David
A. Ricks, Lilly's chairman, president and chief executive
officer. "Derica has been a core part of Lilly's turnaround, our
innovation strategy and our consistent ability to set and then meet
targets and commitments. His personal integrity and commitment to
our company has been unwavering."
"Derica helped navigate the YZ period, served as a trusted
advisor to three CEOs, left a lasting impact on Lilly talent across
the globe and transformed our global services delivery
organization," said Ricks. "The entire Lilly family would like to
thank Derica and wish him the very best in his next set of
endeavors."
Rice joined Lilly in 1990, holding numerous roles in
finance and operations throughout his career. He was promoted to
his current role in May 2006 after
serving as Lilly's vice president and controller. Rice also has
served as Lilly's general manager in the United Kingdom, executive director and chief
financial officer of European operations and chief financial
officer for the company's operations in Canada. Rice earned his MBA from Indiana University and a bachelor's degree in
electrical engineering from the General Motors Institute.
"It's been a true calling to work at Lilly, helping people live
longer, healthier lives. I can't think of a more noble pursuit than
that," said Rice. "It's been a wonderful ride and I'm grateful for
the opportunity."
Lilly is considering internal and external candidates to succeed
Rice.
About Eli Lilly and Company
Lilly is a global
healthcare leader that unites caring with discovery to make life
better for people around the world. We were founded more than a
century ago by a man committed to creating high-quality medicines
that meet real needs, and today we remain true to that mission in
all our work. Across the globe, Lilly employees work to discover
and bring life-changing medicines to those who need them, improve
the understanding and management of disease, and give back to
communities through philanthropy and volunteerism. To learn more
about Lilly, please visit us at www.lilly.com and
www.lilly.com/newsroom/social-channels.
C-LLY
This press release contains forward-looking statements
about leadership changes within Lilly's human pharmaceutical
business and reflects Lilly's current beliefs. There are risks and
uncertainties related to leadership changes, including with regard
to identifying a successor to Mr. Rice and the timing of these
changes. For discussion of important risks and uncertainties,
please see Lilly's latest Forms 10-Q and 10-K filed with the U.S.
Securities and Exchange Commission. Lilly undertakes no duty to
update forward-looking statements.
Refer to: Kelley Murphy; kmurphy@lilly.com;
317-701-4007
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/derica-rice-to-retire-as-lilly-chief-financial-officer-300466609.html
SOURCE Eli Lilly and Company