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Lilly: Derica W. Rice acting chief executive officer

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Staff writer | Indianapolis, In., USA | May 16, 2013
Derica W. RiceMay 16, 2013, Indianapolis, In., USA - Eli Lilly and Company announced that Derica W. Rice, executive vice president, global services and CFO, has assumed the additional role of acting chief executive officer.
Mr. Rice was promoted to executive vice president, global services and chief financial officer, effective January 1, 2010. He also is a member of the company’s executive committee. Prior to becoming Lilly’s CFO in 2006, Mr. Rice had been the vice president and controller since July 2003.

Mr. Rice joined the company in 1990 as an international treasury associate. He held various assignments as a sales representative, manager of global financial planning and analysis for the medical devices division, and global planning manager for pharmaceuticals. In 1995, he became finance director and chief financial officer for Lilly Canada.

In 1997, he was promoted to executive director and chief financial officer for European operations based in London. In 2000, he was the general manager of Lilly United Kingdom and Republic of Ireland.

In 2009, Mr. Rice was selected as one of the "Most Powerful Executives in Corporate America" by Black Enterprise magazine and he was selected as one of Diversity MBA magazine’s "Top 100 Under 50 Executives." He serves as a member of the Board of Directors for Target Corporation, IU Health North and The Center for Leadership Development.

He received a bachelor's degree in electrical engineering from Kettering University (formerly the GMI Engineering & Management Institute) in 1988 and a master's degree in business administration in 1990 from Indiana University.

John C. Lechleiter, chairman, president, and chief executive officer, underwent scheduled surgery for a dilated aorta on Monday, May 13, 2013.