Richard A. Baker (businessman)
| Richard A. Baker | |
|---|---|
| Born | November 27, 1965 |
| 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) is an American business executive. He is chief executive officer of NRDC Equity Partners, and the Governor and Executive Chairman of the Hudson's Bay Company. The corporation, controlled by NRDC, 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.
Baker grew up in a Jewish family in Greenwich, Connecticut, the son of Betty Lou (née Grossman) and Robert C. Baker, the founder of NRDC Equity Partners, a private owner of shopping centers in the United States. He has one sister, Lauren. 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.
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. 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. On November 1, 2017, he took over as interim CEO of the company when Jerry Storch's resignation became effective. Hudson’s Bay Company had gone public in November 2012 and was then listed on the .
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