---
schema_version: "secwatch.filing_event.v1"
accession: "0000059478-24-000213"
form_type: "8-K"
ticker: "LLY"
cik: "0000059478"
company_name: "ELI LILLY & Co"
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:58:16.582347+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lilly appoints Lucas Montarce as EVP and CFO, effective Sept 9, 2024

## Summary
- Lucas Montarce, 47, promoted from president of Spain/Portugal/Greece hub to CFO, effective immediately.
- He previously served as group VP, controller and CFO of Lilly Research Labs since 2021; joined Lilly in 2001.
- Compensation includes $1M annual base salary and $1M target bonus; no family relationships or special arrangements.
- CEO David Ricks cited Montarce's drive and integrity following an internal and external search across industries.
- Montarce holds a BBA from Catholic University (Argentina) and an MBA from CEMA.

## SEC filing metadata
- accession: 0000059478-24-000213
- form_type: 8-K
- ticker: LLY
- cik: 0000059478
- company_name: ELI LILLY & Co
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59478/000005947824000213/0000059478-24-000213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59478/000005947824000213/lly-20240905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059478-24-000213
- JSON: https://secwatch.observer/filing/0000059478-24-000213.json
- Plain text: https://secwatch.observer/filing/0000059478-24-000213.txt

## Key facts
- Executive change
  Lucas Montarce was elected as executive vice president and chief financial officer at ELI LILLY & Co.
  - Action: elected
  - Role: executive vice president and chief financial officer
  source text: elected Lucas Montarce, age 47, as executive vice president and chief financial officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/59478/000005947824000213/0000059478-24-000213-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.