Chief Financial Officer Eli Lilly resigns after “inadequate” communication with employees

According to the pharmaceutical company, an independent investigation was recently launched after “learning of allegations of an inappropriate personal relationship between Smiley and an employee.” “The investigation revealed consensual, albeit inadequate, personal communication with more than one employee and behavior that Lilly’s management concluded that Mr. Smiley had a poor judgment,” the company said in a statement to CNN Business.

Eli Lilly did not provide details on the nature of the relationship or communication either.

“Lilly is accountable to all employees for its core values ​​and strongly believes that its senior executives have an even greater burden in ensuring that those values ​​are upheld,” the company said in a statement on Tuesday. – Mr. Smiley did not meet this requirement.

Smiley will be replaced by Anat Ashkenazi, a 20-year veteran of the company who most recently was vice president of Lilly Research Laboratories.

The company said Smiley could help with the transition and that the behavior leading to his departure was not related to “financial control, financial statements or any other business issue or judgment.” Smiley joined Lilly (LLY) In 1995, and in 2018, he was promoted to Chief Financial Officer.