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Lilly announces retirement of Marschall S. Runge from its Board of Directors Eli Lilly and Company (NYSE: LLY) announced today that Marschall S. Runge, M.D., Ph.D. is retiring from his role as an independent director of...

Key Takeaway: Eli Lilly and Company (NYSE: LLY) has announced the retirement of Marschall S. Runge, M.D., Ph.D. from its Board of Directors effective August 31, 2024. Dr. Runge has been a director since 2013, serving on the Science and Technology and Ethics and Compliance Committees. He is also the CEO of Michigan Medicine and plans to retire from that position in June 2025, although he will continue to engage with the Medical School as a faculty member. Lilly's CEO, David A. Ricks, thanked Dr. Runge for his contributions during his tenure.

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POSITIVE FACTORS

  • Dr. Runge contributed valuable expertise over a decade on the board.
  • His background in science and medicine helped Lilly's mission.
  • He plans to continue his impact on health care after retirement.

Full Press Release Details

INDIANAPOLIS , Aug. 16, 2024 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY ) announced today that Marschall S. Runge , M.D., Ph.D. is retiring from his role as an independent director of Lilly's board of directors effective Aug. 31, 2024 .
Dr. Runge has served on Lilly's board since 2013, including as a member of the board's Science and Technology Committee and Ethics and Compliance Committee. He is currently the CEO of Michigan Medicine, executive vice president for medical affairs at the University of Michigan and dean of the Medical School, and he plans to retire on June 30, 2025 . Following retirement from these leadership roles, Dr. Runge will remain on the Medical School faculty as a professor engaged in providing health care and education and will continue his passion for writing.
Dr. Runge has brought decades of experience to Lilly's board, combining extensive knowledge as a physician and scientist with expertise in health care faculty systems, biomedical research, clinical trial design and patient safety. His practical experience as a principal investigator has offered a research-driven perspective on diabetes and obesity treatments.
"On behalf of the company and the entire board, I would like to thank Marschall for his valuable service over the last decade," said David A. Ricks , Lilly chair and CEO. "His expertise in science and medical affairs and his patient-centric perspective have contributed to Lilly's efforts to bring medicines to people around the world. We wish him well in his ongoing efforts to advance health care and education."
Refer to: Jordan Bishop; [email protected] ; 317-374-1878 (Media)
Joe Fletcher; [email protected] ; 317-296-2884 (Investors)
SOURCE Eli Lilly and Company

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Frequently Asked Questions

When is Dr. Marschall S. Runge retiring from Lilly's board?

Dr. Runge will retire from Lilly's board effective August 31, 2024.

What roles does Dr. Runge hold besides being a board member?

He is CEO of Michigan Medicine and dean of the Medical School at the University of Michigan.

How long has Dr. Runge served on Lilly's board?

Dr. Runge has served on Lilly's board since 2013, totaling over a decade.

What expertise did Dr. Runge bring to Lilly?

He contributed knowledge in health systems, biomedical research, and patient safety.

What will Dr. Runge do after his retirement?

He will remain a professor at the Medical School and continue his writing.

Last updated: Aug 16, 2024