Based in Los Angeles, Michael W. Kramer is the chief financial officer of Forever 21, Inc., where he's worked since 2016. In this position, he helps guide a $4.2 billion global fashion retail and e-commerce company. He collaborated with the CEO to grow the EBITDA from $110 million to $210 million from 2015 to 2016, and he also developed a partnership with Citibank on a supply chain financing vehicle which increased working capital by $75 million. Michael W. Kramer previously served as co-owner and director of Spin Holdings, Inc, a chain of restaurants in California and four other states. The business was included on a Restaurant Business Future 50 list in 2016 and ranked 15th on the same trade publication's list of 25 fastest growing fast casuals.
Michael W. Kramer's career has spanned more than 30 years and has included working at JCPenny, Abercrombie & Fitch, and Apple. He earned a bachelor of business administration in accounting from Kansas State University and went on to become a certified public accountant in the state of Missouri. He was selected as an outstanding financial executive by Kansas State University in 2009.