Lilly promotes CFO Rice to executive VP

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Derica Rice has been appointed the executive vice president of Eli Lilly with expanded responsibilities in the company’s global services sector.

Effective Jan. 1, 2010, Rice will abandon his position of senior vice president to take on the added roles. According to the Indianapolis-based company, Rice will continue to serve as the company’s chief financial officer (CFO).

According to Lilly, Rice joined the company in 1999 as an international treasury associate, where he was later promoted to vice president and controller in 2003. Rice has been acting CFO of the pharmaceutical company since his election in 2006.