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Dr. Steven M. Paul to Retire from Lilly as Executive Vice President, Science and Technology, President, Lilly Research Laboratories; Dr. Jan M. Lundberg, Executive Vice President, Head of Global Discovery Research, AstraZeneca, Named his Successor
Date:11/13/2009

INDIANAPOLIS, Nov. 13 /PRNewswire-FirstCall/ -- Eli Lilly and Company (NYSE: LLY) announced today that Steven M. Paul, M.D., executive vice president, science and technology, and president, Lilly Research Laboratories, will retire from Lilly effective February 28, 2010. Lilly has also announced that Jan M. Lundberg, Ph.D., executive vice president and head of global discovery research, AstraZeneca, is to become his successor. Paul is committed to working closely with Lundberg to ensure a successful transition. Lundberg plans to join Lilly in Indianapolis as early as January 2010, subject to completion of the U.S. immigration process.

Paul joined Lilly as vice president, central nervous system discovery research and decision-phase medical research, in 1993. He was named group vice president, therapeutic area discovery research and clinical investigation, in 1998. Paul has been in his current role since 2003. Before coming to Lilly, Paul was the scientific director of the National Institute of Mental Health.

"Under Steve's leadership, we now have the most robust pipeline in Lilly's history, including approximately 60 unique potential medicines--both small molecules and biologics--in human testing. Additionally, Steve has helped to recruit many of the top leaders we have in LRL today. Steve has also been actively involved in advancing Lilly's research in the area of Alzheimer's disease, including solanezumab, one of Lilly's two late-stage Alzheimer's molecules," said John Lechleiter, Ph.D., Lilly chairman and chief executive officer.

"Steve has also been instrumental in successfully transforming R&D over the past several years, including the implementation of the FIPNet model, moving Lilly from a fully integrated pharmaceutical company, where we previously owned all aspects of the value chain, to a fully integrated ph
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SOURCE Eli Lilly and Company
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