Eli Lilly names insider Lucas Montarce as new finance chief

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured in Branchburg, New Jersey, on March 5, 2021.

Mike Segar | Reuters

U.S. drugmaker Eli Lilly on Monday said it appointed insider Lucas Montarce as its new chief financial officer, effective immediately.

Montarce, who joined Lilly in 2001, has held various finance leadership roles within the company, including head of finance for Lilly Research Laboratories.

The appointment comes after former CFO Anat Ashkenazi stepped down in June to join Google parent Alphabet.

Shares of the company rose 1.3% to $914.58 in premarket trading.

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