William O. DeWitt, Jr.
(born August 31, 1941) is an American
businessman and currently the managing partner and chairman of the St. Louis Cardinals
. He served on the President's Foreign Intelligence Advisory Board
during the George W. Bush administration, and his wife, Kathy, served on the National Council on the Arts
DeWitt, the son of longtime Major League Baseball
executive Bill DeWitt
, was born in St. Louis, Missouri
where he attended St. Louis Country Day School
. He earned a bachelor's degree from Yale University
and an M.B.A.
from Harvard University
Early business ventures
Dewitt joined Cincinnati investment firm Gradison & Co
. in 1974. In 1979, along with Mercer Reynolds
, he founded the investment firm Reynolds, DeWitt & Co.
. The firm owns Arby's
franchises and is an investor in Cincinnati, Ohio
based U.S. Playing Card Company
In 1984, one of DeWitt's business ventures, the oil company Spectrum 7
, bought George W. Bush's Arbusto Energy
, and in turn merged with Harken Energy
in 1986. DeWitt also informed Bush that Eddie Chiles
wanted to sell the Texas Rangers
St. Louis Cardinals
In 1995, DeWitt led a group of investors which bought the St. Louis Cardinals from the Busch family for $150,000,000.
During his watch, the Cardinals moved from their old home Busch Memorial Stadium