Gary S. Baughman
Gary S. Baughman is a retired businessman with an expertise for helping struggling businesses. He is best known for his role as president of Fisher-Price toys.
Baughman was born in 1946 and earned his bachelor’s degree in economics from Brigham Young University in 1970. He went on to receive his MBA degree from the University of Michigan. He devoted his first year after graduation in his father’s small business in Salt Lake City, Utah. He then went to New York City and then to Chicago to work as president of the Stiffel Lamp Company from 1981 to 1986. He was president of Evenflo Products from 1986 through 1989. He joined Fisher-Price in 1989. Prior to his ten years with Fisher-Price, he was president of Little Tykes and then CEO of Tyco Toys. He introduced the popular Tickle Me Elmo product line.
After his retirement from Fisher-Price in 1999, he and his family moved to Southlake, Texas. In 2002, he was appointed CEO of Doskocil Manufacturing, which markets Petmate products.
Ever since his experience at Stiffel, he has proved to be especially talented at strengthening weak businesses by studying the marketplace, the organization, the products, then formulating a plan to get the business back on its feet. Baughman found this experience valuable and gratifying, because by saving a business, one is also saving jobs and improving lives.
Beginning in July 2009, he served as president of the Hungary Budapest Mission for The Church of Jesus Christ of Latter-day Saints, of which he is a member. Since completed his mission, he has resumed his private investment activity and sits on the BYU National Advisory Council. He is also a member of the Golub Capital Executive Council.
Baughman and his wife, Marilyn, are parents of four sons.