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Lilly BioMedicines Head Ricks Tasked With Overseeing Growth Phase As Next CEO

 
• By Jessica Merrill

Long-time CEO John Lechleiter, who led the company through a challenging period of enormous patent expirations, will step down at year's end.

Eli Lilly & Co.’s next CEO will be senior VP and President, Lilly Bio-Medicines, David Ricks, who will be charged with directing the company through what is expected to be an extended period of growth driven by new product launches. The company announced July 27 that long-time CEO John Lechleiter will retire as president and CEO effective Dec. 31.

The transition brings a new leader to the helm, but one who is a groomed insider who led Lilly’s largest...

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