Shares of Eli Lilly and Co (NYSE:LLY) ended Friday session in red amid volatile trading. The shares closed down -1.65 points or -2.07% at $78.24 with 4,152,468 shares getting traded. Post opening the session at $79.62, the shares hit an intraday low of $7.20 and an intraday high of $79.62 and the price vacillated in this range throughout the day. The company has a market cap of $84.58 million and the numbers of outstanding shares have been calculated to be 1.10 billion shares.
On Aug. 31, 2016 The board of directors of Eli Lilly and Company (LLY) has elected Jamere Jackson as a new member, effective October 1, 2016. As a member of Lilly’s board, he will serve on the Audit and Finance committees.
Jackson is currently chief financial officer of Nielsen Holdings plc (Nielsen).
“I am delighted to welcome Jamere Jackson to the Lilly board,” said John C. Lechleiter, Ph.D., chairman, president and chief executive officer. “Jamere brings a wealth of global financial experience, including a strong background in strategic planning. His experience at Nielsen will also provide an important perspective to our business and help broaden our understanding of consumer markets and strategies.”
Prior to joining Nielsen in 2014, Jackson was with General Electric (GE). His last position there was vice president and chief financial officer for GE Oil & Gas, drilling and surface division. In that role, he was responsible for driving financial rigor, developing strategy and implementing change across the drilling and surface portfolio.
Jackson joined GE in 2004 as the chief financial officer for Global Business Services. He then became chief financial analyst for GE Corporate before being promoted to chief financial officer for GE Aviation Military Systems. Next, he was named chief financial officer for GE Aviation Systems, where he led a global team focused on expanding GE’s jet-engine business beyond its core products.
Jackson’s experience also includes positions at First Data Corporation, Total System Services, Pizza Hut Inc., and Procter & Gamble Company. He is a certified public accountant and received his undergraduate degree in finance and business economics from the University of Notre Dame.
Shares of Community Health Systems (NYSE:CYH) ended Friday session in red amid volatile trading. The shares closed down -0.42 points or -3.66% at $11.06 with 3,976,979 shares getting traded. Post opening the session at $11.06, the shares hit an intraday low of $11.00 and an intraday high of $11.53 and the price vacillated in this range throughout the day. The company has a market cap of $1.21 billion and the numbers of outstanding shares have been calculated to be 113.64 million shares.
Community Health Systems (CYH) on August 10, 2016 announced that Tim L. Hingtgen will be promoted to President and Chief Operating Officer, effective September 1, 2016.
Commenting on Hingtgen’s promotion, Wayne T. Smith, chairman and chief executive officer of Community Health Systems, Inc., said, “Tim is an extremely effective, results-driven healthcare executive and an experienced operator who has provided outstanding leadership for some of our most successful markets. Tim is meticulous about setting operating standards and has a track record of executing strategies that support clinical excellence, business development and growth. In his new role, I’m confident Tim will lead Community Health Systems forward as we work to achieve higher levels of performance across our organization.”
Hingtgen will succeed David L. Miller, who previously announced his plans to retire from the Company at the end of the year. Hingtgen and Miller work closely together and will ensure a smooth transition of leadership. Miller will complete his twenty-year tenure with Community Health Systems by serving as special advisor to the Chairman of the Board and Chief Executive Officer.
Hingtgen, age 48, joined Community Health Systems in 2008 as a Vice President of Operations. In January 2014, he was promoted to President of Division IV Operations, and in May 2016, he was promoted to Executive Vice President of Operations. Prior to joining Community Health Systems, Hingtgen served as a chief operating or chief executive officer of hospital facilities at another for-profit hospital system. He holds a master’s degree in business administration from the University of Nevada-Las Vegas.