Richard A. Baker (businessman)

Richard Alan Baker (born November 27, 1965) is an American business executive. He is the 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 Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH in the United States, and Hudson's Bay in Canada.
Early life and education.
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.
Career.
He began his career working for his father, a mall developer and principal of National Realty & Development Corp, after graduating from the Cornell University School of Hotel Administration. 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 company (established by English royal charter in 1670), becoming its Governor (company 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 Toronto Stock Exchange.
Baker 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.
He sits on the Advisory Board of the Cornell University School of Hotel Management. 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.
Personal life.
He is married to Lisa Marie Burrell. They have three children.