Clark is the executive vice president strategic planning and operations of the company. His new responsibility areas include Investor relations, corporate risk, treasury, controllers and other functions currently under Marsh.
Clark joined the company in 1976 and has held a number of positions in financial and operating areas, including treasurer, division manager for the Akron and Springfield areas, and director of marketing. He has been promoted to vice president of business development in 2001, SVP of strategic planning and operations in 2004 and EVP in 2008.
Clark graduated from The Ohio State University with a bachelor of science degree and earned a master of business administration degree from The University of Akron, where he also was honored with the Dr. Frank L. Simonetti Distinguished Business Alumni Award. He completed the Program for Management Development at the Harvard Graduate School of Business. Clark is on the Ohio Governor’s Council of Economic Advisors, the Akron/Canton Airport Authority, the board of directors of the Akron General Health System, and The University of Akron National Alumni Board.
Marsh joined the company in 1980 and has served in a number of positions in the financial areas. He was named treasurer in 1991, vice president of Finance in 1997, vice president and CFO in 1998 and to his current position in 2001. He is responsible for accounting, auditing, benefit investment, investor relations, enterprise risk management and treasury.
Marsh received a bachelor of arts degree from Kent State University, and a master of arts and master of business administration from The University of Akron. He is a Chartered Financial Analyst and a member of the Cleveland Society of Security Analysts, and holds a Certificate in Management Accounting. Marsh is a member of the board of Energy Insurance Mutual and a member representative of Nuclear Electric Insurance Limited. He is chairman of the board of directors of Summa Health System and a member of the Advancement Council of the College of Business Administration at The University of Akron.
“Mark has played a key role in helping to shape our company, from his efforts to divest non-core assets following our mergers, to his focus on strategic planning and leading change throughout our organization,” said Anthony J. Alexander, president and chief executive officer of FirstEnergy. “I know Mark will bring the same drive and determination to his new role as CFO as he has to all of his work at FirstEnergy.”
“Rich is a consummate professional, and has been a trusted voice of FirstEnergy to the investment community and a valued member of our senior management team,” said Alexander. “He has led our financial groups through two mergers and numerous changes in financial reporting regulations and requirements. Rich has served as FirstEnergy’s CFO for more than a decade and he certainly will be missed.”
“These changes also will bring together separate financial functions to better align strategic planning, budgeting and forecasting with financial reporting, investments and capital management,” said Alexander.
Marsh said, “I’ve enjoyed my 29 years with the company and have been privileged to serve as CFO since 1998. Despite the ups and downs of our dynamic industry, our company has built a solid base for continued success. I’ll always value my experiences here and have been honored to work with many dedicated employees.”
