R. Brad Martin
RBM Venture Company
R. Brad Martin is Retired Chairman and CEO of Saks Incorporated and Chairman of RBM Venture Company, his family investment company.
Martin retired on May 4, 2007, as Chairman of Saks after serving nearly 20 years as an executive with that firm. He was the principal investor in RBM Acquisition Company, an entity which acquired Saks’ predecessor business, Proffitt’s, Inc. Martin became the Chief Executive Officer of the company in 1989 when it was comprised of ten stores with annual revenues of approximately $70 million. Over the subsequent ten years, Proffitt’s grew to become one of the largest department store businesses in the United States generating revenues in excess of $4 billion. In 1998, Proffitt’s acquired Saks Holdings and merged it into Proffitt’s, renaming the combined enterprise Saks Incorporated. In 2005 and 2006, recognizing the continuing consolidation of the mid-range department store business and the growth prospects of the luxury retail segment, Martin developed and oversaw a strategy of divesting the traditional department store assets, returning over $2 billion to shareholders through a series of transactions. During the 18-year period when Martin served as CEO and then Chairman of Proffitt’s/Saks, the value of its stock increased more than 12-fold.
Martin has also engaged in a number of other entrepreneurial and private equity activities. In 1987, he co-founded Corporate Child Care, Inc., which subsequently evolved into the largest corporate-affiliated child care company in the United States. Martin serves on the Board of Directors of four public companies—FedEx Corporation; First Horizon National Corporation; Dillard’s Department Stores; and lululemon athletica. He is also a member of the.U.S. Advisory Board of CVC—a global private equity firm.
Brad Martin is a graduate of The University of Memphis where he served as President of the student body and holds an MBA from the Owen Graduate School of Management at Vanderbilt University. Martin also served five terms as a member of the Tennessee House of Representatives. He is involved in a number of civic and philanthropic activities.
He is married to the former Dina Miller and is the father of five sons.
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