Richard Clark - Corning Incorporated Lead Independent Director

GLW Stock  USD 48.00  0.26  0.54%   

Director

Mr. Richard T. Clark is Lead Independent Director of Corning Incorporated. Mr. Clark retired from Merck in 2011. He joined Merck in 1972 and held a broad range of senior management positions. He became president and chief executive officer of Merck in May 2005 and chairman of the board in April 2007. He transitioned from the chief executive officer role in January 2011 and served as Merck board chairman through November 2011. He was president of the Merck Manufacturing Division of Merck Sharp Dohme Corporationration He is chairman of the board of Project Hope and a trustee of several charitable nonprofit organizations. As the former chairman, president and chief executive officer of a Fortune 100 company, Mr. Clark brings broad managerial expertise, operational expertise, and deep business knowledge, as well as a track record of achievement. since 2013.
Age 75
Tenure 11 years
Address One Riverfront Plaza, Corning, NY, United States, 14831
Phone607-974-9000
Webhttps://www.corning.com

Corning Incorporated Management Efficiency

The company has Return on Asset of 0.0275 % which means that on every $100 spent on assets, it made $0.0275 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0193 %, implying that it generated $0.0193 on every 100 dollars invested. Corning Incorporated's management efficiency ratios could be used to measure how well Corning Incorporated manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.03 in 2024. Return On Capital Employed is likely to climb to 0.05 in 2024. At this time, Corning Incorporated's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to climb to about 1.3 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 12 B in 2024.
Corning Incorporated has 8.48 B in debt with debt to equity (D/E) ratio of 0.65, which is OK given its current industry classification. Corning Incorporated has a current ratio of 1.48, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Corning to invest in growth at high rates of return.

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Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. Corning operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. It employs 61200 people. Corning Incorporated (GLW) is traded on New York Stock Exchange in USA. It is located in One Riverfront Plaza, Corning, NY, United States, 14831 and employs 49,800 people. Corning Incorporated is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification.

Management Performance

Corning Incorporated Leadership Team

Elected by the shareholders, the Corning Incorporated's board of directors comprises two types of representatives: Corning Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corning. The board's role is to monitor Corning Incorporated's management team and ensure that shareholders' interests are well served. Corning Incorporated's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Corning Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Morse, Executive Vice President, Chief Technology Officer
John Bayne, Senior Vice President and General manager of Mobile Consumer Electronics
Jeffrey Evenson, Senior Vice President and Operations Chief of Staff
Wendell Weeks, Executive Chairman, CEO and President and Chairman of Executive Committee
Martin Curran, Executive Vice President Corning Innovation Officer
Lewis JD, Executive Officer
Robert France, Senior Vice President Human Resources
Avery Nelson, Senior Vice President and General Manager, Automotive
Deborah Rieman, Independent Director
Daniel Huttenlocher, Independent Director
Kevin Martin, Independent Director
Deborah Henretta, Independent Director
Clark Kinlin, Executive Vice President of Corning Optical Communications
Kurt Landgraf, Independent Director
Richard Clark, Lead Independent Director
Anne Mullins, Senior Vice President & Chief Digital & Information Officer
Soumya Seetharam, Senior Officer
Michael Bell, Senior Vice President and General Manager of Optical Communications
John Zhang, Senior Vice President and General Manager, Display Technologies
Roger Ferguson, Independent Director
Lewis Steverson, Executive Vice President, Chief Legal and Administrative Officer
Stephanie Burns, Independent Director
R Tripeny, Chief Financial Officer, Executive Vice President
Li Fang, President and General Manager, Corning Greater China
Leslie Brun, Independent Director
Ronald Verkleeren, Senior Vice President and General Manager, Life Sciences Technologies
Lawrence McRae, First Vice Chairman and Corporate Development Officer
Pamela Craig, Independent Director
Edward Schlesinger, Principal Accounting Officer, VP and Corporate Controller
James Clappin, Executive Vice President - Corning Glass Technologies
John MacMahon, Senior Benefits
Donald Blair, Independent Director
Stefan Becker, Senior Vice President, Corporate Controller, Principal Accounting Officer
Ann Nicholson, Division Vice President investor Relations
Jaymin Amin, Senior CTO
Jordana Kammerud, Senior Officer
Kevin Corliss, VP Officer
Mark Wrighton, Independent Director
Robert Cummings, Independent Director
Cheryl Capps, Senior Vice President and Chief Supply Chain Officer, Global Supply Chain
Hansel Tookes, Independent Director
Eric Musser, Executive Vice President of Corning Technologies and International

Corning Stock Performance Indicators

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