Lilly Research Labs president set to retire in 2010

INDIANAPOLIS A top executive of Eli Lilly & Co. plans to retire, the drug maker announced Friday.

EVP science and technology and president of Lilly Research Labs Steven Paul will retire from the company, effective Feb. 28, 2010. AstraZeneca EVP and head of global discovery research Jan Lundberg will replace him.

Paul began working for Eli Lilly as VP central nervous system discovery research and decision-phase medical research in 1993. The company promoted him to group VP therapeutic area discovery research and clinical investigation in 1998, and to his current position in 2003. Before working for Eli Lilly, Paul was 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,” Eli Lilly chairman and CEO John Lechleiter stated. “Additionally, Steve has helped to recruit many of the top leaders we have in [Lilly Research Labs] today.”

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