Lucas Montarce Becomes Lilly's New CFO to Drive Financial Growth

Lucas Montarce Assumes Role as CFO at Eli Lilly

Eli Lilly and Company (NYSE: LLY) recently announced an important leadership change as Lucas Montarce has been appointed as the executive vice president and chief financial officer. His journey with Lilly began in 2001, where he has gained extensive experience across various finance leadership roles that highlight his capabilities and commitment.

Montarce's Extensive Experience Within Lilly

Before his new position, Montarce held several significant roles within the company. He was previously the group vice president, corporate controller, and chief financial officer of Lilly Research Laboratories. Montarce also contributed as vice president, finance, and CFO for Lilly International and the global CFO of Elanco Health. Most recently, he operated as the president and general manager for operations in a specific regional hub, showcasing his adaptive leadership skills.

Vision and Leadership Commitment

In his new role, Montarce expressed his dedication to maintaining a robust financial base for Lilly, aiming to propel the company towards sustained success. "I am committed to building on our strong financial foundation and helping drive continued success as we expand our global footprint," Montarce stated. His passion for the company's mission is clear, as he looks forward to collaborating with the executive team and his finance colleagues.

Comments from the CEO

David A. Ricks, chair and CEO of Eli Lilly and Company, shared his insights regarding Montarce's appointment. Ricks emphasized that the search for a new CFO was comprehensive, spanning across various industries. His confidence in Montarce's capabilities is rooted in their decade-long collaboration, underlining Montarce's drive, curiosity, and integrity. Ricks stated, "Developing leadership talent has always been a strength for Lilly, and Lucas has thrived in a wide variety of roles of increasing scope and impact." This sentiment reinforces the trust placed in Montarce as the new leader of financial strategies at Lilly.

About Eli Lilly and Company

Lilly is a global medicine company dedicated to transforming scientific advancements into healing. With over 150 years of experience, their pioneering efforts have benefited more than 51 million people worldwide. Through the integration of biotechnology and genetic medicine, Lilly continues to push the boundaries of medical science, addressing significant health challenges. Their innovative approach includes redefining diabetes care, tackling obesity, and advancing treatments for Alzheimer's and critical immune disorders.

Commitment to Accessibility and Diversity

As a company committed to improving the lives of many, Lilly prioritizes accessibility and affordability in its offerings. They recognize the importance of diversity within clinical trials and strive to create solutions that cater to a wide range of populations. This focus not only enriches their research but also ensures that their medicines reach those in need, reinforcing their humanitarian initiatives.

Frequently Asked Questions

Who is the new CFO of Eli Lilly?

Lucas Montarce has been appointed as the new CFO of Eli Lilly and Company.

What roles did Montarce hold before becoming CFO?

Before his promotion, Montarce served in several key finance leadership roles, including CFO for various divisions of Lilly and the Global CFO of Elanco Health.

What is Lilly's mission?

Lilly aims to turn scientific advancements into healing, continuously seeking to make life better for over 51 million people globally.

What are some challenges Lilly is addressing?

Lilly focuses on redefined diabetes care, obesity treatment, Alzheimer's disease, immune system disorders, and difficult-to-treat cancers.

How does Lilly ensure medication accessibility?

Lilly is committed to making its medicines accessible and affordable, while also ensuring diversity in clinical trials.

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