Derica W. Rice

By: Errol Mars
Born: 1965, Decatur, Alabama, United States; Pay (2015): $6.9M; Position: Executive VP, Global Services, Chief Financial Officer; Company: Eli Lilly and Company; Industry: Pharmaceuticals; Country: United States

Derica W. Rice

Derica Rice is executive vice president of global services and chief financial officer for Eli Lilly and Company, positions he has held since January 2010 and May 2006, respectively. Eli Lilly and Company is an American global pharmaceutical company with headquarters located in Indianapolis, Indiana.

Mr. Rice joined Lilly in 1990 as an international treasury associate, and served in a variety of roles, including sales representative, manager of global financial planning and analysis for the medical devices division, and global planning manager for pharmaceuticals. He then became finance director and chief financial officer for Lilly Canada, after which he was named executive director and chief financial officer for European operations based in London. Mr. Rice next served as general manager of Lilly’s U.K. affiliate and then as Lilly’s vice president and controller until he was promoted to CFO in 2006.

He serves as a member of the board of directors for Target Corporation, IU Health North, and the Center for Leadership Development. He also serves as a member of the Indiana University Board of Trustees and the Indianapolis Museum of Art’s Board of Governors.

Mr. Rice earned a bachelor's degree in electrical engineering from Kettering University and a master's degree in business administration from Indiana University.

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