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Fortune
Fortune
Sheryl Estrada

Eli Lilly's new CFO is a 23-year company veteran—showing how pharma firms rely on a 'deep bench of qualified talent'

(Credit: Courtesy of Lilly)

Good morning. Eli Lilly and Company has promoted longtime executive Lucas Montarce to the role of CFO. The move is similar to the career path of his predecessor, Anat Ashkenazi, who also spent two decades at Lilly before becoming finance chief.

The Indianapolis-based pharmaceutical company announced on Monday that Montarce, whose tenure at Lilly extends 23 years, is executive vice president and chief financial officer, effective immediately. Montarce succeeds Ashkenazi who left the company to become SVP and CFO of Google and Alphabet, beginning her tenure on July 31.

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