PAR Technology Corporation Appoints Douglas G. Rauch and Dr. James C. Stoffel to Board of Directors
December 05 2017 - 4:05PM
Business Wire
PAR Technology Corporation (NYSE: PAR) today announced that
Douglas G. Rauch and Dr. James C. Stoffel have been appointed to
the Company’s Board of Directors.
Mr. Rauch spent 31 years with Trader Joe’s Company, the last 14
years as a President. He facilitated the growth of Trader Joe’s
from a small nine-store chain in Southern California to a
nationally acclaimed retail success story. Mr. Rauch is also the
Founder/President of Daily Table, an innovative non-profit retail
solution tackling the issue of hunger/obesity, targeting over 49
million food insecure Americans. He previously served as CEO of
Conscious Capitalism, Inc., where he continues to serve as a
Director. Mr. Rauch is currently a trustee at Olin College of
Engineering and serves as a director or as an advisory board member
of several for profit and non-profit companies.
Dr. Stoffel is currently a General Partner of Trillium
International, a private equity company managing investments in
technology companies in the Unites States, Asia and Europe. In
addition, he serves as a Director and the Chairman of the
Compensation Committee of Aviat Networks, Inc. (NASDAQ: AVNW), and
is on the Board of Harris Corporation (NYSE: HRS). Dr. Stoffel also
served as Chairman of the Technology Advisory Committee at the
Applied Science and Technology Research Institute (ASTRI), Hong
Kong. He has served as an international senior advisor to multiple
private equity companies and was Chairman and CEO of a Trillium
Group portfolio company. Dr. Stoffel also was Chairman of the Board
of the Information Technology Industry Council, Washington DC. Dr.
Stoffel also held several senior management positions at Eastman
Kodak, including Senior Vice President of Research &
Development, Chief Technology Officer. Prior to joining Kodak, Dr.
Stoffel was with Xerox Corporation for over 20 years and held a
number of executive positions including Vice President &
General Manager of Xerox Advance Imaging Business Unit as well as
Vice President of Corporate Research & Technology.
Each newly appointed director will serve for a term expiring at
the 2018 annual meeting of stockholders. Both Mr. Rauch and Dr.
Stoffel will serve on the Company’s Audit, Nominating and Corporate
Governance and Compensation Committees. Messrs. Rauch and Stoffel
replace PAR Board members Messrs. Todd Tyler and Paul Eurek who
informed the Company of their intention to step down from the Board
once duly qualified successors were appointed.
“I want to welcome Doug and Jim to our Board and I look forward
to working with both of them,” said Dr. Donald H. Foley, the
Company’s Chief Executive Officer, President and Director. “Messrs.
Rauch and Stoffel bring valuable hands-on experience in retail and
technology to the Board. Their experience as accomplished
executives and business knowledge will be highly valued as the
Company continues to enhance its offerings in the markets we serve.
We look forward to benefiting from their innovative,
forward-thinking experience, adding unique and insightful
perspectives to the Company’s vision and business strategies.”
ABOUT PAR TECHNOLOGY
PAR Technology Corporation’s stock is traded on the New York
Stock Exchange under the symbol PAR. PAR’s Restaurant/Retail
segment has been a leading provider of restaurant and retail
technology for more than 30 years. PAR offers technology solutions
for the full spectrum of restaurant operations, from large chain
and independent table service restaurants to international quick
service chains. Products from PAR also can be found in retailers,
cinemas, cruise lines, stadiums and food service companies. PAR’s
Government segment is a leader in providing computer-based system
design, engineering and technical services to the Department of
Defense and various federal agencies. For more information, visit
https://www.partech.com/ or connect with PAR on Facebook and
Twitter.
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version on businesswire.com: http://www.businesswire.com/news/home/20171205006293/en/
PAR Technology CorporationChristopher R. Byrnes, 315-738-0600
ext. 6226cbyrnes@partech.comwww.partech.com
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