8-KLeadership Changes

ELI LILLY & Co 8-K Report, Executive Changes (Oct 19, 2012)

Filed October 19, 2012For Securities:LLY

Summary

Eli Lilly & Company (LLY) filed an 8-K report on October 19, 2012, detailing a significant change in its finance leadership. Arnold C. Hanish, the current Vice President of Finance and Chief Accounting Officer, announced his retirement, which will be effective at the end of 2012. This marks the end of Mr. Hanish's tenure with the company. In conjunction with Mr. Hanish's retirement, the Board of Directors has appointed Donald A. Zakrowski to succeed him as Vice President of Finance and Chief Accounting Officer, with the appointment taking effect on November 1, 2012. Mr. Zakrowski brings a wealth of experience from his various roles within Lilly and a decade of public accounting experience at PricewaterhouseCoopers, positioning him to lead the company's financial operations.

Key Highlights

  • 1Retirement of Arnold C. Hanish, VP of Finance and Chief Accounting Officer, effective end of 2012.
  • 2Appointment of Donald A. Zakrowski as new VP of Finance and Chief Accounting Officer.
  • 3Mr. Zakrowski's appointment is effective November 1, 2012.
  • 4Mr. Zakrowski has been with Lilly since 2001 in various senior finance roles.
  • 5Mr. Zakrowski previously spent ten years in public accounting at PricewaterhouseCoopers.
  • 6The report highlights a planned leadership transition in a critical financial role.

Frequently Asked Questions

Arnold C. Hanish, the Vice President of Finance and Chief Accounting Officer, is retiring from the company.

Mr. Hanish's retirement is effective at the end of 2012.

Donald A. Zakrowski has been elected as the new Vice President of Finance and Chief Accounting Officer.

Mr. Zakrowski's appointment is effective November 1, 2012.

Mr. Zakrowski has served in senior finance roles at Lilly since 2001, including leading global finance shared service centers and accounting operations. He also has ten years of experience in public accounting at PricewaterhouseCoopers.