I think Corning — the maker of Gorilla Glass — has done well for its shareholders, here. Mr. Clark is a fine executive, and will bring world-class manufacturing/operational insights to the Corning board. After all, chemicals and pharmaceuticals aren’t even second cousins — they’re first cousins. From the Corning press release of this evening, then:
. . . .Corning Incorporated today appointed Richard T. Clark, retired chairman and chief executive officer of Merck, to Corning’s board of directors, effective immediately. . . .
He is a director of Automatic Data Processing, Inc. (ADP) and serves on the advisory board of American Securities. He is a trustee of PENN Medicine, which includes the University of Pennsylvania School of Medicine and the University of Pennsylvania Health System. Clark is chairman of the board for Project Hope, a global health education and humanitarian assistance organization. Clark serves as a trustee of Washington & Jefferson College and as a member of several other business, policy, and charitable organizations. . . .
Mr. Clark will serve on the Corning Board’s Audit Committee, and its Compensation Committee. So, not such a quiet retirement, after all.