Larry Kraus

Seasoned Technology and Payroll Services Executive

Professional Overview
Larry Kraus is a highly accomplished technology and payroll services executive with over 25 years of experience driving digital transformation and operational excellence. As the Senior Vice President, Chief Information Officer and Head of Payroll Services at Ollie's Bargain Outlet, Inc., he leads the company's technology and payroll strategy, overseeing mission-critical systems and driving continuous innovation.

Experience Summary

Current Role
In his current role, Larry is responsible for developing and executing Ollie's Bargain Outlet's technology roadmap, ensuring that the company's systems and infrastructure support its rapid growth and changing business needs. He oversees the company's payroll operations, leveraging his deep expertise to streamline processes, enhance data security, and improve employee satisfaction. Under Larry's leadership, Ollie's Bargain Outlet has achieved significant operational efficiencies, realized cost savings, and strengthened its competitive position in the discount retail industry.

Career Progression
Prior to his current role, Larry served as the Chief Information Officer and Head of Payroll Services at Ollie's Bargain Outlet, where he spearheaded the integration of advanced technologies and data analytics to support the company's expansion. Before joining Ollie's, he held various technology leadership positions at The Bon Ton Stores Inc., including Vice President of Technology and Divisional Vice President of Technical Services and Operations. Larry's early career includes roles as a Manager of Technical Services at Rite Aid and a Systems Engineer at Walmart, where he honed his skills in IT management and operations.

Academic Background
Larry holds an MBA from the University of Arkansas and a Bachelor's degree in Accounting from The University of Texas at San Antonio. His academic achievements and specialized training have equipped him with a unique blend of business acumen and technical expertise, enabling him to drive strategic and operational initiatives that align technology with organizational goals.

Areas of Expertise

• Enterprise-wide technology strategy and implementation

• Payroll services management and optimization

• Operational efficiency and cost optimization

• Data-driven decision making and business intelligence

• Talent management and team building

• Change management and organizational transformation

Professional Impact
Under Larry's leadership, Ollie's Bargain Outlet has achieved significant operational and financial improvements, including a 15% reduction in payroll processing costs, a 20% improvement in employee satisfaction, and a 25% increase in IT system uptime and reliability. He has been instrumental in the company's successful digital transformation, leveraging emerging technologies to enhance the customer experience and streamline internal operations.

Conclusion
With his extensive experience, strategic vision, and proven track record of driving innovation and operational excellence, Larry Kraus is a highly valuable asset to Ollie's Bargain Outlet. As the company continues to expand and adapt to industry changes, his expertise in technology and payroll services will be crucial in maintaining the organization's competitive edge and supporting its long-term growth.