Summary
Eli Lilly and Company (LLY) has filed an 8-K report detailing a change in its Board of Directors. Mr. J. Michael Cook will retire from the Board of Directors, effective April 20, 2009. Mr. Cook, who has been a director since 2005, is 66 years old. In response to Mr. Cook's retirement, the Board has appointed Mr. Michael L. Eskew to succeed him as the Chairman of the Audit Committee. Mr. Eskew, 59, brings significant executive experience, having previously served as Chairman and Chief Executive Officer of United Parcel Service, Inc. He has been a member of Lilly's Board of Directors and the Audit Committee since February 2008. This transition within the board, particularly the leadership of the Audit Committee, is the primary focus of this filing.
Key Highlights
- 1Mr. J. Michael Cook will retire from Eli Lilly's Board of Directors on April 20, 2009.
- 2Mr. Cook has served as a director since 2005.
- 3Mr. Michael L. Eskew has been appointed as the new Chairman of the Audit Committee.
- 4Mr. Eskew brings extensive experience as the retired Chairman and CEO of United Parcel Service, Inc.
- 5Mr. Eskew has been a member of Lilly's Board and Audit Committee since February 2008.
- 6This filing is primarily an announcement of directorial and committee leadership changes.
- 7The event date of the earliest reported event is April 3, 2009.