A veteran finance executive with more than three decades of experience in the retail industry, Michael Kramer has a proven track record at retailers such as Apple Inc., Abercrombie & Fitch, and Forever 21.
Now he will bring that knowledge to MedMen, where he is tasked with advancing the company’s growth plan, focusing on execution, maintaining a strong balance sheet, and moving toward profitability.
“Michael’s extensive experience, and his success in scaling high-growth businesses will be instrumental as MedMen moves to operationalize the balance of our footprint,” said Adam Bierman, MedMen co-founder and chief executive. “Today, we have the most talented and experienced leadership team in the industry to drive strategy, growth and competitive advantage.”
Kramer’s experience includes serving as CFO of Apple Retail, where he developed successful brick and mortar retail strategies. While at Abercrombie & Fitch, he oversaw 12 quarters of increased year-over-year earnings.
Kramer has been on advisory boards for organizations such as Martha Stewart Living Omnimedia, the Wharton School of Business at the University of Pennsylvania, and Kansas State University’s Business School.
“I cannot imagine a more exciting time to join the MedMen team,” said Kramer. “Rarely do you find an opportunity to build an industry that could truly define future generations. It was immediately clear to me that MedMen has the vision, the strategy and the talent to capitalize on the tremendous growth opportunity in the sector today."