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The Power 50: Christopher Baldwin

July 9, 2018

CHRISTOPHER BALDWIN

Chairman, president & CEO

BJ's Wholesale Club, Westborough

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Residence: Westborough

College: Siena College in New York

Since Baldwin assumed the role of president and CEO in 2015, the retailer more than doubled its net income, from $24 million in fiscal 2016 to $50 million in fiscal 2018. The latest fiscal year profit came off sales of $12.5 billion, a three-year high for the company.

This May, Baldwin took over the mantle of BJ's chairman after his predecessor, Laura Sen, left her position as non-executive chairwoman. Baldwin's latest power grab came just as the company launched its initial public offering at the end of June, with investors feeling quite bullish on the company's prospects. BJ's stock debuted on the market at $17 per share and rose 41 percent to $24 by the next day. With that stock price holding steady, the company's market cap is near $3 billion, which is more than the $2.6 billion private equity firm CVC Capital Partners of Luxembourg paid for it in 2011.

Baldwin – whose 30 years of experience in retail includes executive roles at Hess Retail Corp., Kraft Foods, The Hershey Co. and Proctor & Gamble – is the chairman of the trade group National Retail Federation.

Read about the WBJ's 2018 Power Players:

Retail

Harry Kokkinis, Table Talk Pies

Steve Rotman, Rotman's Furniture & Vystar

Ernie Herrman, TJX Cos.

Michael Dundas, Sira Naturals

Ralph Crowley Jr., Polar Corp.

Christopher Baldwin, BJ's Wholesale Club

Amy Lynn Chase, Crompton Collective & Haberdash

Food & Culture

Robb & Madeline Ahlquist, Worcester Restaurant Group

Troy Siebels, The Hanover Theatre

Karim El-Gamal, Rail Trail Flatbread Co., New City Microcreamery, Less Than Greater Than

Eric, Sam & Jack Hendler, Jack's Abby Brewing

Lynn Cheney, Lettuce Be Local

Sandy Dunn, DCU Center

Higher Education & Nonprofits

Ann T. Lisi, Greater Worcester Community Foundation

Rev. Philip L. Boroughs, College of the Holy Cross

Javier Cevallos, Framingham State University

Michael F. Collins, University of Massachusetts Medical School

Jill Dagilis, Worcester Community Action Council

Dr. David A. Jordan, Seven Hills Foundation

Laurie Leshin, Worcester Polytechnic Institute

Corner Office

Kate Sharry, Group Benefits Strategies

Tina M. Sbrega, GFA Federal Credit Union

John C. Roche, The Hanover Insurance Group

Elaine Osgood, Atlas Travel

Michael P. Angelini, Bowdtich & Dewey

Susan Mailman, Coghlin Electrical Contractors

Edward F. Manzi Jr., Fidelity Bank

Manufacturing

Dinesh Wadhwani, ThinkLite

Ravi Vig, Allegro Microsystems

Nobuhiko Tamura, Sunovion Pharmaceuticals

Daniel McGahn, AMSC

Michael Mahoney, Boston Scientific

Jeannie Hebert, Blackstone Valley Chamber of Commerce

Valentin Gapontsev, IPG Photonics

Chris Coghlin, Coghlin Cos.

Health care

Kevin O'Sullivan, Massachusetts Biomedical Initiatives

Kurt Isaacson, Spectrum Health Systems

Tarek Elsawy, Reliant Medical Group

Jeffrey M. Welch, Saint Vincent Hospital

Eric Dickson, UMass Memorial Health Care

Holly Chaffee, VNA Care

Richard P. Burke, Fallon Health

Economic Development

Ann K. Tripp, Opus Investment Management

Robert Walker, RA Ventures

Yvonne Spicer, City of Framingham

Cliff Rucker, Worcester Railers Hockey Club

Sherri Greene Pitcher, Fidelity Bank

Timothy P. Murray, Worcester Regional Chamber of Commerce

Anthony Consigli, Consigli Construction Co.

Jennie Lee Colosi, E. T. & L. Corp.