Volume 94 Issue 31 | p. 13 | Concentrates
Issue Date: August 1, 2016

Lilly’s Lechleiter to retire

Department: Business
Keywords: employment, pharmaceuticals, Lilly, management
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Lechleiter
Credit: Eli Lilly & Co.
A photo of John Lechleiter.
 
Lechleiter
Credit: Eli Lilly & Co.
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Ricks
Credit: Eli Lilly & Co.
A photo of David Ricks.
 
Ricks
Credit: Eli Lilly & Co.

John C. Lechleiter will step down as president and CEO of Eli Lilly & Co. at the end of the year. Replacing him will be longtime Lilly executive David A. Ricks, who currently heads Lilly Bio-Medicines. Lechleiter, an organic chemist, joined Lilly in 1979 in its process research labs and moved up the ranks. He became CEO in 2008, when patent expirations on nearly all of Lilly’s key products loomed. Although Lechleiter helped the company mitigate some of the revenue loss by expanding in areas such as animal health, his tenure as CEO was marred by a string of drug pipeline setbacks.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

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