Richard Baker Quotes

A collection of quotes by Richard Baker.

Richard Baker is the former CEO of the American department store company, Lord & Taylor. Born on November 17, 1956, his career in the retail industry spans over four decades. Baker is known for his expertise in turnaround strategies and has successfully led various retail companies through challenging times.

Baker earned a Bachelor of Arts degree from Harvard College before beginning his career in finance. He joined the investment firm, Weingarten Realty Investors, in the mid-1980s and played a crucial role in its growth. His skills and leadership eventually led him to become the CEO and Chairman of NRDC Equity Partners, a private equity firm, which acquired Lord & Taylor in 2006.

Under Baker's guidance, Lord & Taylor experienced significant changes, including the expansion of its online presence and the introduction of exclusive brands. However, the company faced financial difficulties and filed for bankruptcy in August 2019. Despite this setback, Baker's perseverance and business acumen allowed him to lead Lord & Taylor through the restructuring process.

Outside of his role at Lord & Taylor, Baker has been involved in various philanthropic endeavors. He has supported organizations such as the American Red Cross and the Hudson River Park Trust. Additionally, he has served on the board of directors for several companies, including HBC and Saks Fifth Avenue.

After stepping down as CEO of Lord & Taylor, Baker has continued to pursue opportunities in the retail industry and remains an influential figure in the business world.