About Michael W. Kramer
As chief financial officer (CFO) for retail clothing brand Forever 21, Michael W. Kramer draws on a career history of exceeding profit goals and driving company value. A graduate of the bachelor of business administration program at Kansas State University, he accepted his first C-Suite role as chief financial officer with the Einstein Noah Bagel Corporation (ENBC). There, Michael W. Kramer transformed a $100 million entity from a significant negative cash flow to a positive cash provider in less than four months.
After subsequent service as controller and acting chief financial officer for the Lane Bryant division of The Limited, Inc, Mr. Kramer entered the technology sector as vice president and assistant corporate controller of Gateway, Inc. He moved on from this position to become vice president and CFO of Apple Retail, in which role he helped developed a retail strategy that is unlike any seen before and has become one of the most successful brick and mortar strategies to date.
Michael W. Kramer then became CFO, executive vice president, and acting president of Abercrombie & Fitch, overseeing 12 quarters of increased year-over-year earnings. Since that time, he has served as president and CEO of Kellwood Company and as chief operating officer (COO) of JC Penney, at the latter creating process improvements that drove $1 billion in selling, general, and administrative expense (SG&A) savings.
Also former co-owner and director of Spin Holdings, Mr. Kramer helped double the size of a fast casual pizza chain in 3 years. He left the business in 2016 to accept his current role, where he continues to help founders improve the company performance.