Eli Lilly Announces Major Leadership Overhaul

Published 2 hours agoLLY

Eli Lilly Announces Major Leadership Overhaul

Eli Lilly and Company has made significant changes in its leadership team aimed at fostering growth and enhancing its strategic focus. Lucas Montarce has been named the new Chief Financial Officer and Executive Vice President, stepping into his role immediately. Montarce brings 23 years of experience with Lilly, having previously led as President and General Manager for the Spain, Portugal, and Greece hub.

The company is also welcoming Jon Moeller to its Board of Directors starting December 1, 2024. Moeller, currently the Chairman, President, and CEO of Procter & Gamble, brings with him a wealth of experience in finance and global operations. He will join both the Audit Committee and Directors and Corporate Governance Committee, according to a report from investor.lilly.com.

In further leadership transitions, Patrik Jonsson will take over as Executive Vice President and President of Lilly Diabetes and Obesity beginning January 2024. Concurrently, Daniel Skovronsky, M.D., Ph.D., will expand his responsibilities to include the role of President of Lilly Immunology. The shifts come alongside the retirement of Mike Mason at the end of the year and the departure of Leigh Ann Pusey, which are part of Lilly's broader strategy to enhance operational efficiency and streamline decision-making processes.

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