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Home>Eli Lilly names Joshua Smiley as new CFO

Eli Lilly names Joshua Smiley as new CFO

Eli Lilly names Joshua Smiley as new CFO

09/29/2017

By Austen Hufford

Smiley has been with the company for more than 20 years and will replace longtime CFO Derica Rice

Eli Lilly & Co. named a new finance chief and announced a number of other executive changes, as the drugmaker contends with layoffs and patent expirations.

The company (LLY) said Friday that Joshua Smiley would be its next CFO, promoting an insider into the role. Smiley, who has been with the company for more than 20 years, was previously treasurer and senior vice president of finance. He will begin his new role Jan. 1. The Indianapolis drugmaker said in June that longtime CFO Derica Rice would retire at the end of the year after more than a decade in the position.

The company also appointed new senior leaders overseeing science and technology and manufacturing operations, who will report to Chief Executive David Ricks.

Earlier this month the company said it would cut roughly 8% of its global workforce, citing the need to lower costs and raise investment ahead of patent expirations.

An expanded version of this report appears at WSJ.com. (https://www.wsj.com/articles/eli-lilly-names-joshua-smiley-cfo-1506687112?mod=mktw)

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