Baron Capital announced that Linda Martinson is planning to step down as president and COO at Baron Capital after 41 years of service. She will assume an advisory role with the firm to ensure a smooth transition. David Baron and Michael Baron, vice presidents and portfolio managers at Baron Capital, will assume the roles of co-presidents. The firm also announced Rachel Stern will join Baron Capital as chief operating officer. All changes will be effective June 3. David Baron, Michael Baron and Stern will report to Ron Baron, chairman and CEO of Baron Capital.
“We thank Linda for her extraordinary impact on our firm over the past four decades,” said Ron Baron. “As she transitions into a new advisory role to allow more time with her family, we are grateful for her contributions and dedication to the growth of the firm. Throughout her tenure as president and COO, Linda was instrumental in building the foundation for Baron Capital to become an enduring institution.”