FRP CEO Tom Baker leaves for Vulcan Materials

  • After around six years on the job
  • Laud, praise and good wishes for Tom Baker
  • John D. Baker taking over

(exechange) — Jacksonville, Florida, March 13, 2017 — Tom Baker, chief executive of FRP, leaves. It is an abrupt change. As announced by FRP Holdings, Inc. in a news release and in a regulatory filing published on Monday, March 13, 2017, Thompson S. (Tom) Baker leaves the post as Chief Executive Officer at the property management company in a surprising move after around six years on the job, effective immediately.

Tom Baker also will resign as a director of the Company.

Tom Baker’s duties are taken over by John D. Baker, currently Executive Chairman at FRP Holdings, Inc.

Tom Baker will be Senior Vice-President at Vulcan Materials Company

“Thompson S. Baker II, its Chief Executive Officer, has resigned his CEO position to accept a new position as Senior Vice-President of Vulcan Materials Company,” FRP said. Vulcan Materials Company is a construction company.

Share price rise since October 2002

The change follows a rise in the share price of FRP Holdings, Inc. since October 2002.

On the job as CEO since 2010

Thompson S. Baker II has served as the Chief Executive Officer of the Company since October 1, 2010, and the President of the Company from October 1, 2010 until May 6, 2015.

He was elected as a director of the Company in 1994.

Baker also serves as a director and as the President and Chief Executive Officer of Patriot Transportation Holding, Inc.

Baker served as the President of the Florida Rock Division of Vulcan Materials Company from November 16, 2007 until September 2010.

From August, 1991 to November 16, 2007, Baker served as the President of the Aggregates Group of Florida Rock Industries, Inc.

Baker currently serves as a director for Intrepid Capital Management, Inc.

Read the full story in the exechange report 12.2017 ($).