David Ricks to head Eli Lilly, as John Lechleiter is set to retire

27 July 2016

US pharma major Eli Lilly (NYSE: LLY) is to have an new president and chief executive effective next year, as incumbent John Lechleiter is to retire at the end of 2016, the company has announced.

This is the second CEO departure for a leading drugmaker announced in the past week, following the announcement that George Scangos is to step down as the chief executive of US biotech major Biogen in the coming months after a successor has been identified.

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