Jim Cornelius serves as non-executive Board Chairman of Mead Johnson Nutrition (MJN), a global leader in the pediatric nutrition industry. He has held the position since MJN’s split-off from Bristol-Myers Squibb to become an independent public company in December 2009. Its stock trades on the NYSE with a current market capitalization of $20 billion.
Mr. Cornelius was the non-executive Chairman of Bristol-Myers Squibb, a position he assumed after retiring as CEO in 2010 until his retirement May 5, 2015. Mr. Cornelius led the company through its transformation into a specialty biopharma leader, and today it trades at over $100 billion market capitalization.
Previously, Mr. Cornelius had a rewarding 28 year career with Eli Lilly and Company, including appointment as CFO and member of the Board. He then served as Chairman and CEO of the publicly traded medical device company, Guidant Corporation which was eventually sold in 2007 to Boston Scientific for $27 billion dollars.
Mr. Cornelius has served on the Boards of a dozen public and private companies, including The Chubb Corporation, The DIRECTV Group, and Given Imaging, Ltd.
He has been active as a board member of several Indianapolis civic organizations including United Way of Central Indiana, the Board of Trustees of Marian University, University of Indianapolis, and DePauw University. He was Treasurer of the Board of Governors of the Indianapolis Museum of Art as well as the Indianapolis Children’s Museum.
Mr. Cornelius has received honorary Doctorate degrees to recognize his civic and philanthropic activities from Michigan State University, the University of Indianapolis and Marian College. He received the Anti-Defamation League’s 2003 Man of Achievement Award, the 2005 Hoosier Heritage Lifetime Achievement Award, the Boys & Girls Club 2007 Outstanding CEO Award, and was honored as New Alternative’s for Children Man of the Year, in October, 2014.
Born in Kalamazoo, Michigan, Mr. Cornelius attended Michigan State University, earning a BA magna cum laude in accounting in 1965 and an MBA in 1967. He served on active duty as a Lieutenant in the U.S. Army Finance Corps from 1967 to 1969.