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11-14-1997

Retired Household International Chairman Donald Clark Elected Chair Of Clarkson University Board Of Trustees

Potsdam, N.Y. -- Donald C. Clark of Wilmette, Ill., has been elected chair of the Clarkson University Board of Trustees. Clark retired as chairman of Household International, a major financial services company and one of the nation's largest corporations, in 1996.

My role as chair will be to actively support the administration and board in implementing the plans for Clarkson's future, said Clark. "Clarkson has been fortunate to have had great leadership from the president, the board, the faculty and the employees. It is my hope that I can facilitate that process."

An honors graduate of Clarkson, Clark earned his bachelor's degree in business administration and upon graduation served for two years as an officer in the U.S. Army. Later, he attended Northwestern University, where he completed an MBA.

Clark joined Household International in 1955 as a manager trainee. Subsequently, he held a number of managerial and executive positions with the company, including secretary and treasurer. Elected to the Household International board of directors in 1974, he continued to rise within the firm, becoming president in 1977, chief executive officer in 1982, and chairman of the board in 1984.

One of the nation's leading corporate executives, Clark balanced significant achievements in the business world with an impressive array of civic and philanthropic commitments. He is on the board of directors of Ameritech Corporation, Armstrong World Industries Inc., the PMI Group, Scotsman Industries Inc., and Warner-Lambert Company. He is also a director of Evanston (Illinois) Hospital, ExTerra L.L.C. and Ripplewood Holdings L.L.C., and is a life trustee of Northwestern University, as well as a governing member of the Chicago Symphony Orchestra.

Clark is also a member of the Economic Club of Chicago, the Commercial Club of Chicago, Mid- America Club and the Chicago Club.

During his service on the Clarkson board of trustees, Clark has been a member of the Academic Planning, Development, and Investment committees. He served as vice chair of the Development Committee for five years and as a member of the Executive Committee for six years. He received the Golden Knight Award in 1978 and an honorary degree from Clarkson in 1990.

Described by Business Week as "a career executive who knows the company inside and out," Clark was later cited in the magazine's 1989 special issue as one of the nation's corporate elite, "the people who run America's most powerful and most valuable companies." He was also lauded for his talent in guiding Household International through the turbulent business climate of the 1980s. In addition, he has been honored by several organizations for his community work. For Clarkson University, he has been a valued adviser, generous benefactor, and the embodiment of Clarkson leadership in the Midwest.

Clarkson University is an independent institution located in northern New York, in the foothills of the Adirondack Mountains. The University has 2,745 graduate and undergraduate students enrolled in its schools of Business, Engineering, Liberal Arts and Science.

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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