Lilly announces J Michael Cook’s retirement

Lilly has announced that J Michael Cook will retire from the company’s board of directors, effective April 20th.

Since 2005 he has served on the board, while being a member of the compensation committee and finance group.

Lilly chairman and chief executive officer Dr John Lechleiter asserted he is “extremely grateful” for the advice and contribution that Mr Cook has made during his four years with the firm.

He commented: “Mike has helped shape the company’s accounting policies and ensured full compliance with financial reporting requirements.

“We wish Mike well and thank him for his service to the Lilly board and our shareholders.”

To replace Mr Cook, Michael Eskew, who has been a member of the board since last year, has been appointed.

He also sits on the board of directors of the 3M Corporation and IBM Corporation.

On top of this, Mr Eskew also serves as the board chairman for the disadvantaged youth charity the Annie E Casey Foundation.

Lilly will announce its first quarter financial results of 2009 on April 20th.