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.