Eli Lilly said the company's board of directors elected Lucas Montarce, age 47, as executive vice president and chief financial officer on September 9, 2024. The company said the appointment followed an internal and external search across industries.

1. 01

   Eli Lilly said the company's board of directors elected Lucas Montarce, age 47, as executive vice president and chief financial officer on September 9, 2024. The company said the appointment followed an internal and external search across industries.

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   It said Montarce will receive an annual base salary of $1,000,000 and be eligible for an annual target bonus of $1,000,000, effective September 9, 2024.

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   The company said Montarce has held finance leadership roles since joining Lilly in 2001, served as group vice president, controller and chief financial officer of Lilly Research Laboratories from 2021, and led the Spain, Portugal and Greece hub as president and general manager in 2024.

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   Eli Lilly said Montarce was appointed effective immediately as a member of the Executive Committee. The company also said there are no arrangements or understandings with any person under which he was selected as an officer, and no family relationship with any director or executive officer.

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