Ronald J. Kramer | |
---|---|
Born | 1958 U.S. |
Alma mater |
University of Pennsylvania (B.S.) New York University (MBA) |
Occupation | CEO of Griffon Corporation 2008–present President and Director of Wynn Resorts 2002–2008 |
Spouse(s) | Stephanie Blau Kramer (1992–present) |
Ronald J. "Ron" Kramer (born 1958) is an American business executive. He is the CEO of Griffon Corporation, a conglomerate holding company headquartered in New York, New York.
Kramer received a B.S. from the Wharton School of the University of Pennsylvania in 1980 and a MBA from New York University in 1981. He started his career at Citibank and then worked as a corporate finance specialist at Ladenburg Thalmann, a New York-based investment bank, for thirteen years, becoming Chairman and CEO in 1995. In 1999, Kramer became a Managing Director and Partner at Wasserstein Perella & Co. and its successor Dresdner Kleinwort Wasserstein. Kramer left Wall Street in 2002 to become President and Director of Wynn Resorts Ltd (NASDAQ: WYNN), a Las Vegas-based developer and operator of destination casino resorts.
Kramer succeeded his father-in-law Harvey R. Blau as CEO of Griffon in 2008. To improve Griffon's balance sheet, Kramer secured a new $100 million revolving line of credit from JPMorgan Chase, exited the residential installation services business, refinanced Griffon's senior debt, and raised approximately $250 million through a common stock rights offering with investments by Goldman Sachs and Kramer himself. Griffon's recapitalization built a foundation to transform the company for growth. In 2015, Griffon generated over $2 billion in sales with approximately 6,000 employees worldwide.