Alonzo Weems to Retire as Executive Vice President of Enterprise Risk Management and Chief Ethics and Compliance Officer

Rhea-AI Summary

Eli Lilly and Company (NYSE: LLY) announced the retirement of Alonzo Weems, executive vice president of enterprise risk management and chief ethics and compliance officer, effective Dec. 31, 2024. Weems has served the company for 27 years, contributing significantly to its global product development and ethical standards. CEO David A. Ricks highlighted Weems' role in enhancing digital and data analytics capabilities and fortifying the company's ethics program. Lilly has been recognized by Ethisphere as one of the World's Most Ethical Companies for the eighth consecutive year, a testament to Weems' efforts. An internal and external search for his successor is underway.

Positive

• Lilly recognized as one of the World's Most Ethical Companies for the eighth consecutive year.
• Alonzo Weems' retirement marks the end of a 27-year tenure with significant contributions to ethical standards and global product development.
• Weems enhanced the company's digital and data analytics capabilities.
• Weems has held several key leadership roles, including general counsel for various branches and deputy general counsel.

Negative

• Alonzo Weems' retirement may create a temporary leadership gap in the ethics and compliance department.
• The company faces the challenge of finding a suitable replacement, which may impact continuity in ethics and compliance initiatives.

INDIANAPOLIS, May 15, 2024 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced that Alonzo Weems, executive vice president of enterprise risk management and chief ethics and compliance officer, and a member of Lilly's Executive Committee, will retire after 27 years of service with the company, effective Dec. 31, 2024. Weems will continue to serve in his role while the company conducts an internal and external search for a chief ethics and compliance officer.

"Throughout his distinguished career, Alonzo has been a steadfast advocate for our company, providing strategic guidance to our global product development teams and major geographies worldwide," said David A. Ricks, Lilly's chair and CEO. "His collaborative approach with leaders has helped us achieve strong business performance while ensuring we uphold our values. As our chief ethics and compliance officer, Alonzo has championed the enhancement of our digital and data analytics capabilities and fortified our ethics program. His commitment to winning with integrity will leave a lasting legacy, and we thank him for his many years of service."

Weems began his Lilly career in 1997 as an attorney in the global medical and regulatory affairs legal group. Throughout his career, he has held important leadership roles, including general counsel for Lilly Canada, general counsel for Lilly USA and the Biomedicines and Diabetes business units, and vice president and deputy general counsel for the corporate legal functions prior to assuming his current role. Ethisphere recognized Lilly as one of the World's Most Ethical Companies for the eighth year in a row in 2024, underscoring Weems' pivotal role in championing sustained excellence in ethical practices across the organization.

About Lilly
Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help more than 51 million people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/news, or follow us on Facebook, Instagram and LinkedIn. C-LLY

Lilly Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995), including those related to leadership changes and Lilly's strategy, and reflects Lilly's current beliefs and expectations. There can be no assurance that the leadership changes will achieve Lilly's objectives or that Lilly will execute its strategy as planned. For further discussion of risks and uncertainties relevant to Lilly's business, please see Lilly's most recent Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Lilly undertakes no duty to update forward-looking statements.

Refer to:	Jordan Bishop; jordan.bishop@lilly.com; 317-473-5712 (Media)
	Joe Fletcher; jfletcher@lilly.com; 317-296-2884 (Investors)

 

 

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SOURCE Eli Lilly and Company

FAQ

When is Alonzo Weems retiring from Eli Lilly?

Alonzo Weems will retire on Dec. 31, 2024.

What roles did Alonzo Weems hold at Eli Lilly?

Alonzo Weems held several key roles, including executive vice president of enterprise risk management, chief ethics and compliance officer, general counsel for Lilly Canada and Lilly USA, and deputy general counsel.

How has Alonzo Weems contributed to Eli Lilly?

Alonzo Weems enhanced Eli Lilly's digital and data analytics capabilities, fortified the company's ethics program, and provided strategic guidance to global product development teams.

Why is Eli Lilly recognized as one of the World's Most Ethical Companies?

Eli Lilly is recognized as one of the World's Most Ethical Companies due to its strong ethical practices, championed by leaders like Alonzo Weems.

What is Eli Lilly doing to find a successor for Alonzo Weems?

Eli Lilly is conducting an internal and external search for a new chief ethics and compliance officer to replace Alonzo Weems.