Richard Clark (business executive)

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).

Richard Clark

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 has served on the Washington & Jefferson College board of trustees.[6][7] He also serves 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, Richard T. Clark earned 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 Archived 2012-07-08 at the Wayback Machine, Merck & Co., Inc
  2. "Clark, Richard". Education for a Lifetime. Washington & Jefferson College. Archived from the original on 2012-05-15. Retrieved 2012-05-15.
  3. Davidson, Andrew (2009-08-17). 1000 CEOs. Penguin. p. 160. ISBN 978-0-7566-7057-3.
  4. Berenson, Alex (2005-05-21). "Merck's New Boss Inherits a Mess". The New York Times. ISSN 0362-4331. Retrieved 2020-05-07.
  5. "Merck says Clark will retire as chairman Dec. 1". Boston.com. Retrieved 2020-05-07.
  6. "W&J: Board of Trustees". W&J College Website. Washington & Jefferson College. Archived from the original on 2010-05-27. Retrieved 2010-02-28.
  7. Markley, Jordan (6 June 2012). "W&J names Richard T. Clark as chairman". Pittsburgh Business Times. Retrieved 2020-05-07.
  8. 2008 CEO Compensation for Richard T. Clark, Equilar.com
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