The chief financial officer of Indianapolis-based Eli Lilly and Co. has announced he will retire after more than a decade in the position. Derica Rice, who also serves on the executive committee of the Lilly board, first came to the company in 1990. He has served in roles including vice president, controller, general manager to the United Kingdom and CFO for European and Canadian operations. Rice earned his MBA from Indiana University and a bachelor’s degree in electrical engineering from the General Motors Institute. He will remain with the company through the end of the year and it is considering internal and external candidates to be his successor.

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