Apple exec departs for Abercrombie
Luxury apparel retailer Abercrombie & Fitch Co. has lured away an executive from Apple Computer, Inc. to become its next chief financial officer.
"Mike has thrived in collaborative and creative environments throughout his career," said Mike Jeffries, chairman and chief executive officer of Abercrombie. "His understanding of leveraging the power of strong brands makes him a great new leader for the company."
Kramer joins Abercrombie from Apple, where he served as CFO for the company's retail division — the most successful retail startup in recent times. He replaces Robert Singer, 53, who joined Abercrombie this year as its president and also held the CFO position following the departure of the company's chief operating officer Seth Johnson.
Kramer previously held retail positions at Gateway, Inc., Limited, Inc. and Pizza Hut, Inc. of Pepsico. He earned a B.A. in Business Administration and Accounting from Kansas State University and is a Certified Public Accountant.
There is so far no word on Kramer's replacement at Apple.
8 Comments
I guess he wants the employee discount on the clothes.
"LUXURY apparel retailer..."
What apparel do they carry that's luxurious? Last time I checked they sold wrinkled shirts and lowriding brown-stained jeans.
Personally, I don't consider Abercrombie clothing to be "luxurious" but I guess it must be considered luxurious since they charge $65 for a wrinkled pink polo.
PS-Why else would he leave apple?
For the $money$ of course. When you're that high up of an executive what other reason could it be for?
"LUXURY apparel retailer..."What apparel do they carry that's luxurious? Last time I checked they sold wrinkled shirts and lowriding brown-stained jeans. Personally, I don't consider Abercrombie clothing to be "luxurious" but I guess it must be considered luxurious since they charge $65 for a wrinkled pink polo.
Lowriding brown-stained jeans and wrinkled pink polo are Luxury clothes if you are 10-18. Whats wrong with spending 65 of your parents dollars on a polo? Don't be so last week. I agree it must be the money, or so his kids can get a A&F discount.
Anyone else hear remember 8-10 years ago when AF sold mostly mens clothes?
They had the best damn flannel shirts, but then they had to go and realize they could make a lot more money selling cheap crap to teenagers.
I'd rather have the employee discount for Apple hardware.