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Richard A. Baker (businessman)

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Richard A. Baker
Born (1965-11-27) November 27, 1965 (age 58)
CitizenshipUnited States
EducationB.A. Cornell University
OccupationBusinessman
Known forGovernor and Executive Chairman of Hudson’s Bay Company
SpouseLisa M. Burrell
Parent(s)Betty Lou Grossman
Robert C. Baker

Richard Baker (November 27, 1965)[1] is an American businessman. 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

He 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 owners of shopping centers in the United States.[7] 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]

Career

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.[7] He has served as Chairman of Lord & Taylor since 2006.[7] 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.[8] He sits on the Advisory Board of the Cornell University School of Hotel Management.[9] 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.[10]

Personal life

He is married to Lisa Burrell.[11] They have three children: Henry, Jack, and Serena.[9]

See also

References

  1. ^ Globe and Mail: "Richard Baker: A balancing act in choppy retail waters" by Marina Strauss March 9, 2012
  2. ^ http://www.businesswire.com/news/home/20141217005222/en/Hudson%E2%80%99s-Bay-Company-Appoints-Gerald-L.-Storch#.VUui2o7F_2c
  3. ^ Hudson's Bay Company About Us: "Richard Baker" retrieved September 13, 2014
  4. ^ Jerusalem Post: "Grapevine: The Netanya connection" by GREER FAY CASHMAN December 19, 2013
  5. ^ New York Times: "Loomis J. Grossman, Developer, Dies at 85" March 8, 1989
  6. ^ New York Times: "Paid Notice: Deaths GORDON, BETTY LOU BAKER July 6, 1998
  7. ^ a b c d e f New York Times: "The Prince of Lord & Taylor" By STEPHANIE CLIFFORD and PETER LATTMAN May 7, 2011
  8. ^ http://quotes.wsj.com/ROIC/company-people?mod=2_0466&symbol=ROICW&news-symbol=ROIC
  9. ^ a b Cornell University School of Hotel Administration: "Richard A. Baker '88 - Governor & CEO Hudson's Bay Company retrieved September 13, 2014
  10. ^ http://baker.realestate.cornell.edu
  11. ^ New York Times: "ENGAGEMENTS; Lisa M. Burrell, Richard A. Baker July 18, 1993


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