NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) announced Monday that its founder and board member, John W. Sammon, Jr., will not stand for re-election and will step down from the PAR board.
That will take effect at PAR Technology’s 2021 annual meeting of stockholders on June 4.
Sammon started PAR Technology in 1968 in Rome. PAR Technology was originally known as Pattern Analysis and Recognition Corporation and was a Department of Defense contractor. Ten years later, Sammon led PAR Technology’s transition to a restaurant technology provider. He served as chairman and CEO of PAR Technology from its founding until his retirement in 2011 from day-to-day operations. He stayed on since then as an active member of PAR Technology’s board, especially in setting the company’s future strategy.
“As I leave the Company after 53 years since its founding; I am proud of all we have accomplished and know that none of this would have been possible without the support and hard work of so many people including employees, fellow board members, customers, stockholders and my family,” Sammon said in a statement. “Looking back, I know that all our past achievements were the result of a team effort. Looking forward, I have great confidence in our current CEO, Savneet Singh, and the management team he is now leading. I leave knowing the Company is in good hands.”
PAR Technology through its wholly owned subsidiary ParTech, Inc., is a global restaurant and retail technology company with more than 100,000 restaurants in more than 110 countries using its point-of-sale hardware and software.
