Correction to Eli Lilly CFO Article

By Imani MoiseFeaturesDow Jones Newswires

Eli Lilly & Co. said Thursday that longtime Chief Financial Officer Derica Rice will retire at the end of this year after more than a decade in the position.

Mr. Rice, who has spent 27 years at the pharmaceutical company, is also a member of Lilly's executive committee.

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"Derica has been a core part of Lilly's turnaround, our innovation strategy and our consistent ability to set and then meet targets and commitments," Chief Executive David Ricks said.

Lilly is considering internal and external candidates to succeed Mr. Rice, who joined the company in 1990. He was promoted to his current role in May 2006.

Lilly shares, inactive premarket, have gained 8.2% this year.

Write to Imani Moise at

John Lechleiter announced his retirement last year. "Eli Lilly Financial Chief to Retire After 11 Years in Role --Update," at 11:08 a.m. ET, misspelled the last name of the former chief executive in the fourth paragraph. (June 1, 2017)

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June 01, 2017 13:06 ET (17:06 GMT)