Lilly CFO Josh Smiley Resigns Following Allegations of Inappropriate Personal Relationship
February 09 2021 - 7:54AM
Dow Jones News
By Dave Sebastian
Eli Lilly & Co. said Chief Financial Officer Josh Smiley has
resigned after the company was made aware of allegations of an
inappropriate personal relationship between Mr. Smiley and an
employee.
Lilly on Tuesday said an independent investigation with an
external counsel found what it deemed consensual but inappropriate
communications between Mr. Smiley and certain employees and
"behavior that Lilly leadership concluded exhibited poor
judgment."
"Lilly holds all employees accountable to its core values and
strongly believes its executive officers carry an even higher
burden in ensuring those values are upheld," the drugmaker said.
"Mr. Smiley did not meet that standard."
Mr. Smiley's alleged conduct wasn't related to financial
controls, financial statements or business matters, Lilly said.
Succeeding Mr. Smiley is Anat Ashkenazi, who joined the company
in 2001 and most recently served as finance chief of Lilly Research
Laboratories. Mr. Smiley will be available to assist in the
transition under the terms of his separation agreement, the company
said.
Mr. Smiley joined Lilly in 1995 and rose through the ranks to
become CFO in 2018.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 09, 2021 07:39 ET (12:39 GMT)
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