Richard Clark (business executive)

Richard Clark

Richard T. Clark is a former chairman of the Merck & Co. (MSD) pharmaceutical company, a position he held from 2007 to 2011. His previous leadership positions at Merck & Co. include CEO (2005–2010),[1] president (2005–2009) and president of the Merck & Co. manufacturing division (2003–2005).

A first generation college student, he attended Washington & Jefferson College, where he majored in history and was a member of Lambda Chi Alpha.[2]

He earned an MBA at the American University (1970) and was a lieutenant in the US Army 1970–1972.[3] He joined Merck & Co. in 1972.[4] He retired from the position of CEO in 2010 and retired as chairman in 2011.[5]

He was on the Washington & Jefferson College board of trustees.[6][7] He is also on the board of directors of Project HOPE and was chairman from 2010 to October 2018.[7]

Compensation

While CEO of Merck & Co. in 2008, Clark received a total compensation of $17,320,938, which included a base salary of $1,783,334, a cash bonus of $2,244,510, stocks granted of $6,811,125, options granted of $6,408,300 and other compensation of $73,669.[8]

References

  1. ^ "Merck Board Elects Kenneth C. Frazier as Next CEO; Richard T. Clark to Continue as Chairman". Merck & Co., Inc. 30 November 2010. Archived from the original on 8 July 2012.
  2. ^ "Clark, Richard". Education for a Lifetime. Washington & Jefferson College. Archived from the original on 18 June 2012. Retrieved 15 May 2012.
  3. ^ Davidson, Andrew (2009). 1000 CEOs. Penguin. p. 160. ISBN 978-0-7566-7057-3.
  4. ^ Berenson, Alex (21 May 2005). "Merck's New Boss Inherits a Mess". The New York Times. ISSN 0362-4331. Retrieved 7 May 2020.
  5. ^ "Merck says Clark will retire as chairman Dec. 1". Boston.com. Associated Press. 6 October 2011. Retrieved 7 May 2020.
  6. ^ "W&J: Board of Trustees". Washington & Jefferson College. Archived from the original on 27 May 2010. Retrieved 28 February 2010.
  7. ^ a b Markley, Jordan (6 June 2012). "W&J names Richard T. Clark as chairman". Pittsburgh Business Times. Retrieved 7 May 2020.
  8. ^ "2008 CEO Compensation for Richard T. Clark". Equilar. Archived from the original on 14 August 2009. Retrieved 17 July 2009.

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