Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Lilly CFO Resigns Following Investigation

Tuesday, February 9, 2021 10:38 AM EDT Updated: Tuesday, February 9, 2021 01:40 PM EDT
By Wes Mills
Lilly CFO Resigns Following Investigation Josh Smiley is the former CFO of Eli Lilly and Co.

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says Senior Vice President and Chief Financial Officer Josh Smiley is leaving the company after an investigation found inappropriate, personal communication with a Lilly employee.

The company has appointed Anat Ashkenazi to replace Smiley. Ashkenazi most recently served as senior vice president, controller and CFO of Lilly Research Laboratories.

Lilly says it was made aware of allegations of an inappropriate personal relationship between Smiley and an employee. The company says it launched an investigation, using external counsel to lead the inquiry.

Lilly says the investigation revealed the personal communications were consensual but inappropriate given Smiley’s position with the company.

“Lilly’s core values are integrity, excellence and respect for people. We expect all employees to live these values, and we expect exemplary conduct from our executives at all times,” said David Ricks, Lilly chairman and chief executive officer.

The company says Smiley’s conduct was not related to financial controls, financial statements or any other business matters or judgments.

Ashkenazi been with the company for nearly 20 years.

Story Continues Below

Most Popular Stories

  • Crane naval base poised for growth as innovation hub

  • Planned giving can bolster long-term sustainability for nonprofits

  • Evansville diversion center serves as alternative solution to incarceration, hospital visits

  • Minelands and power plants are hot renewable development spots 

  • Barnes & Thornburg opens downtown Elkhart office

  • Spinner leaving OCRA for IU Center for Rural Engagement

Perspectives

Planned giving can bolster long-term sustainability for nonprofits

Planned giving can bolster long-term sustainability for nonprofits

It’s that time of the year when “Giving Tuesday” and being thankful spurs donors to open their pocketbooks. According to a 2023 report by Giving USA, Americans donated $499.33 billion to charity last year, with the largest source being individual donors....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service