Richard A. Baker (businessman)

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Richard A. Baker
Born (1965-11-27) November 27, 1965 (age 51)
Citizenship United States
Education B.A. Cornell University
Occupation Business executive
Known for Governor and Executive Chairman of Hudson’s Bay Company
Spouse(s) Lisa M. Burrell
Children 3
Parent(s) Betty Lou Grossman
Robert C. Baker

Richard Baker (November 27, 1965)[1] is an American business executive. He is the Governor and Executive Chairman[2] of the Hudson's Bay Company. The corporation operates Galeria Kaufhof in Germany, Galeria Inno in Belgium, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH in the United States, and Hudson's Bay and Home Outfitters, in Canada.[3]

Early life and education[edit]

Baker grew up in a Jewish family[4] in Greenwich, Connecticut, the son of Betty Lou (née Grossman)[5][6] and Robert C. Baker, the founder of NRDC Equity Partners, a private owner of shopping centers in the United States.[7] He has one sister, Lauren.[8] He graduated from the Brunswick School and then received his undergraduate degree from Cornell University, where he was a member of the Phi Sigma Kappa fraternity.[7]


He began his career working for his father, a mall developer and principal of National Realty & Development Corp, after graduating from Cornell's hotel management school.[7] In 2006, he purchased Lord & Taylor, America’s longest continually operating luxury department store from Federated Department Stores, borrowing to finance nearly all of the deal.He has served as Chairman of Lord & Taylor since 2006. In 2008, he bought the Hudson’s Bay Company, North America’s oldest commercial corporation, for which he acts as the Governor and Executive Chairman. In 2012, Hudson’s Bay Company went public and is listed on the Toronto Stock Exchange.[7]

He is the non-executive chairman of the Retail Opportunity Investments Corporation, a real estate investment trust listed on the NASDAQ Stock Exchange that focuses on retail properties located on the east and west coasts of the United States.[9]

He sits on the Advisory Board of the Cornell University School of Hotel Management.[10] He is the namesake benefactor and sits on the Advisory Board of the Baker Program in Real Estate - a two-year graduate program in real estate at Cornell University.[11]

Personal life[edit]

He is married to Lisa Burrell.[12] They have three children.[10]

See also[edit]


External links[edit]