LILLY CFO OUT AFTER INAPPROPRIATE COMMUNICATION

Eli Lilly and Co said on Tuesday chief financial officer Josh Smiley resigned after an independent investigation found inappropriate personal communication with some Lilly employees. Lilly said it was recently made aware of allegations of an inappropriate personal relationship between Smiley, pictured, and an employee, and the company immediately hired external counsel to conduct an independent probe. The investigation revealed consensual though inappropriate personal communications between Smiley and certain Lilly employees, and behaviour that Lilly leadership thought exhibited poor judgment by Smiley, the company said. Eli Lilly had taken “swift and significant action” as soon as it learned about the allegations, a company spokeswoman said.