Team Neo Names Paul Clark Chairman Of The Board

Team NEO Names Paul Clark Chairman of the Board

The governing board of trustees of Team NEO is pleased to announce that Paul Clark, regional president for PNC Bank in Cleveland, has assumed the role of chairman for the region’s business attraction and growth organization. He succeeds The Timken Company Chairman Ward J. “Tim” Timken, Jr., who has chaired Team NEO since 2011. 
“Paul’s renowned financial and business acumen, and decades of passionate civic leadership will be a tremendous asset to us and our mission to accelerate business and economic growth in Northeast Ohio,” said Tom Waltermire, CEO of Team NEO. “He brings unique perspectives to the regional efforts that are already in progress as well as insightful new ideas for moving forward.”

Said Clark, “It’s an exciting time to step up my involvement with the region’s development and growth. I am committed to carrying on Tim’s legacy of inspiring leadership and encouraging the regional collaboration that is vital to Northeast Ohio’s economic prosperity.”

Timken steps down after a highly successful tenure, during which Team NEO took on new responsibilities to support regional business development as the state’s JobsOhio regional network partner. During Tim’s term, Team NEO’s business attraction program brought 25 new companies to the region, resulting in more than 2,400 new jobs and $115 million in annual payroll. In addition, as part of its newer role, Team NEO has assisted local economic development organizations complete 218 expansion and retention projects, representing nearly 50,000 new and retained jobs.

“We are tremendously grateful for Tim Timken’s leadership and guidance during a period of significant change and growth for Team NEO,” said Waltermire. “During his term, Team NEO accepted responsibility for being the Regional Network Partner for JobsOhio, took on a pivotal role in developing an economic development competitiveness strategy for Northeast Ohio and agreed to help strengthen the Regional Marketing Alliance by bringing it under the Team NEO umbrella. Tim’s attention and wise counsel were invaluable to us. No one in more bullish on the potential for our region and the value of regional teamwork than Tim Timken.”

About Paul Clark
Paul Clark is regional president for PNC Bank in Cleveland. The 37-year financial services veteran joined PNC through its acquisition of National City Corporation in December 2008.

Clark joined National City in 1976 as a management trainee in Consumer Finance. He went on to serve in a variety of capacities over the years, including executive vice president of Retail Banking in Pennsylvania (where he led the integration of Integra Financial Corporation) and president/CEO of Michigan/Illinois (following the merger of First of America Bank Corporation).  Clark also served as executive vice president of Institutional Asset Management and chair of the Investment Management Company prior to his appointment as president of Northern Ohio banking in 2004.

Clark is active in many civic and business organizations, serving on the boards of Baldwin Wallace University, Cleveland Rock and Roll Inc., Cuyahoga County Invest in Children, Greater Cleveland Partnership, Musical Arts Association (Cleveland Orchestra), Neighborhood Progress Inc., Playhouse Square Foundation, Team NEO, The United Way of Greater Cleveland, University Circle Inc. and University Hospitals Health Systems Inc.

With a bachelor’s degree in history from Denison University and a Master of Business Administration from Baldwin-Wallace College (now Baldwin Wallace University), Clark was honored with a doctor of humane letters degree from Baldwin-Wallace in 2010. He is also a graduate of the Stonier School of Banking.

  • Team NEO
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