Derica W. Rice

Senior Vice President and Chief Financial Officer

Derica W. Rice became senior vice president and chief financial officer of Lilly in May 2006. He is also a member of the company’s executive committee and operations committee. Rice had been the vice president and controller since July 2003.

Born in Decatur, Alabama, he received a bachelor of science degree in electrical engineering from Kettering University (formerly the GMI Engineering & Management Institute) in 1988 and a master's degree in business administration in 1990 from Indiana University.

Rice joined the company in 1990 as an international treasury associate. He held various assignments as a sales representative, manager of global financial planning and analysis for the medical devices division, and global planning manager for pharmaceuticals. In 1995, he became finance director and chief financial officer for Lilly Canada. In 1997, Rice was promoted to executive director and chief financial officer for European operations based in London. In 2000, he was the general manager of Lilly United Kingdom and Republic of Ireland.

Rice serves as a member of the Board of Directors for Target Corporation, Clarian Health North and The Center for Leadership Development. He also serves as a member of the Indiana University Board of Trustees and the Board of Governors of the Indianapolis Museum of Art.