CEO Monthly Issue 11 2018

CEO MONTHLY / ISSUE 11 2018 5 , According to Mr. Lilly, “I am honored and humbled at having been asked by the Lil- lyWorks BOD, includ- ing my father, Dick Lilly, and my siblings, Mike Lilly and Suzanne Young, to assume the role of Pres- ident and CEO of LillyWorks.” Mr Lilly continued, “I am truly stand- ing on the shoulders of giants: my father, whose legacy goes back to coding the first bill-of-material processor (BOMP) for IBM in the ‘60’s, to creating very successful Manufacturing-focused ERP sys- tems such as ProfitKey, VISUAL Manufacturing (Infor’s VISUAL ERP); and now LillyWorks.” “My brother Mike, the designer and creator of Protected Flow Manufacturing TM an execution and planning methodology and software solution offered by Lilly- Works that simplifies production scheduling and material planning with better, more powerful results … “. . . David Layne, mastermind behind the architectural planning, design and creation of all of the above-mentioned software being used today to help Manufacturing companies improve their business performance, and many other very talented, smart, customer-service focused folks at LillyWorks.” Mr. Lilly added, “I will always cher- ish the last 12 years working at Premier Channel Partner Synergy Resources alongside my co-own- er, Gene Caiola; Director of Sales and Marketing, Paul Tedford; and Strategic Business Services Di- rector, Mike Canty and many oth- ers. Focused 100% on growing and executing LillyWorks vision, I will be also working closely with Synergy and all our partners to spread the message of a new way to plan and schedule production and materials on the shop floor.” LillyWorks’ new Protected Flow Manufacturing delivers RE- AL-Time production priorities to the shop floor, replacing the need to run “Scheduling” programs and execute resulting “Dispatch” lists. It revolutionizes the way manu- facturers schedule and plan pro- duction and materials so that they can deliver to their customers “On- time, in Less Time, Every Time!” Daren started pro- viding consultancy services to ERIC in 2017 with a focus on business and product development. His appointment as Chief Executive reflects an evolution of ERIC’s strategy to address the realities of the in- vestment research market under MiFID II. Daren will use his wealth of institutional asset management experience to focus the ERIC of- fering on generating longer-term subscription-based research relationships between invest- ment managers and research providers, while also growing access to individually priced research reports and analysts’ time. He has more than 30 years’ experience in the sector and has held senior equity investing and sales management roles at insti- tutions including Nomura, CLSA and Macquarie Group. Daren also founded and managed an investment management busi- ness with portfolio management responsibilities for Asian Equity and Global Macro strategies. ERIC has traditionally posi- tioned itself as a marketplace for investment research where the buyers and sellers of substantive content meet. Facilitating the ex- change of high quality research will remain core to its purpose but, with the industry struggling to achieve a fair price for stan- dalone research, ERIC will chan- nel more resource into creating an on and off-line user experi- ence which supports profitable, long-term partnerships between providers and managers. Russell Napier, co-founder and chairman, ERIC, says: “Daren’s appointment is an important strategic development for ERIC strengthening the business’s focus on solving the challenges Mark J. Lilly Elected President and CEO of LillyWorks, Inc. ERIC, the leading investment research marketplace, has appointed Daren Riley as Chief Executive, responsible for driving the company’s strategy to strengthen lasting investment research relationships in the MiFID II world. The Board of Directors of LillyWorks, Inc. announced the election of Mark J. Lilly President and Chief Executive Officer on the 5thNovember. still plaguing the investment research industry. His expertise will be vital to ERIC reversing the trend of managers narrowing the scope of research, and valua- ble insights, they are exposed to. Daren’s experience will be vital to building the partnerships that ultimately improve both the quality of research and the value managers derive.” Daren Riley, Chief Executive, ERIC, says: “ERIC was estab- lished in 2014 to cater for an efficient research market where the value of research was clear. The MiFID II reality is more frag- mented and nuanced, with some providers offering lower prices in order to maintain relationships, while the institutional research vending and procurement pro- cess is dominated by subscrip- tion agreements. “In this environment we can de- liver the most value by enabling providers of all sizes to present their offerings to a substantial institutional network on a level playing field, where investment managers can access enriched information to discover, explore and evaluate the suitability of research they don’t currently use in a quick, easy and compliant manner.” ERIC is also adding to its customer service team of experienced research indus- try practitioners to service the bespoke requirements that re- search subscription service trials and agreements are based on. This expansion comes in tandem with the launch of ERIC 2.0, an upgraded version of the compa- ny’s platform enabled by utilising the significant digital publishing expertise of DC Thomson, one of the largest private media organ- isations in the UK, which ERIC entered into a partnership with in October 2017.