Two
Divisions Created To Assume Responsibility
For The Lutgert Companies
Richard J. Baker and Howard B. Gutman
To Lead New Divisions
Naples, Florida The Lutgert Companies
Chairman Scott Lutgert announced an operational shift designed
to enhance the Southwest Florida real estate developer’s
relationships with clients and business partners and to simplify
the operation of its various businesses. The shift includes
the creation of two divisions, Lutgert Development and Lutgert
Holdings. Scott Lutgert will continue in the role of Chairman
of the Board of the Naples-based company.
“The Lutgert Companies has always
placed a high value on providing our clients and business
partners with clear channels of communication and on being
responsive to their needs,” said Scott Lutgert. “Given
our growth, we feel the creation of Lutgert Development and
Lutgert Holdings will allow us to serve their needs more completely.
At the same time, by centralizing responsibility for the investments
we have made in ancillary businesses, we will be better positioned
to support the growth of those companies moving forward.”
Lutgert Development will assume responsibility
for the company’s residential and commercial real estate
development projects. Richard J. Baker will serve as President
of Lutgert Development. Baker has been with The Lutgert Companies
for thirty years as Vice President primarily responsible for
the development of residential and commercial properties valued
at nearly $2 billion.
Lutgert Holdings will be responsible for
the company’s insurance, real estate brokerage, title
insurance, and commercial property holdings, acquisitions
and joint ventures, as well as the financial and banking relationships
for all of the Lutgert companies. Howard B. Gutman will serve
as President of Lutgert Holdings. Gutman is a twenty-seven
year veteran of The Lutgert Companies. He has held various
positions with the company, including Vice President and Chief
Financial Officer.
“I am delighted to announce that Dick
Baker and Howard Gutman will be leading our Lutgert Development
and Lutgert Holdings divisions,” said Scott Lutgert.
“They have each been a tremendous asset to our organization
in the past and will continue to be an asset in the future.
Their knowledge of our various businesses will allow them
to take responsibility for the investment we have made in
each of our companies, and to provide each of our companies
with invaluable direction and support.”
The Lutgert Companies is a privately
held real estate development company with additional holdings
in Lutgert Smith Lesher Insurance, Premier Properties of Southwest
Florida Inc., REALTORS, LSL Title, and Premier E-Commerce.
The company is currently developing properties on the Park
Shore Beach, Bonita Bay, Estuary at Grey Oaks, and Linville
Ridge, North Carolina. The company also owns shopping centers
and office buildings throughout Southwest Florida. The Lutgert
Companies has been a member of the Southwest Florida business
community for forty years, and has over 300 employees and
215 sales associates.
