PAR Technology hires Chobani’s Menar as its new CFO

NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) announced it has appointed Bryan Menar as its new chief financial officer (CFO), effective Jan. 3. Menar joins PAR from Chobani, LLC, where he was VP of financial planning and analysis. While at Chobani, Menar led the yogurt company’s financial planning and analysis team and oversaw all […]

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NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) announced it has appointed Bryan Menar as its new chief financial officer (CFO), effective Jan. 3.

Menar joins PAR from Chobani, LLC, where he was VP of financial planning and analysis.

While at Chobani, Menar led the yogurt company’s financial planning and analysis team and oversaw all corporate financial analysis, including forecasting, budgeting, business reviews, and financial presentations for both internal and external stakeholders and partners, according to a PAR news release. Menar has also previously held senior finance-level roles at JC Jones & Associates, Goldman Sachs & Co., and Ernst & Young LLP.

At PAR, Menar will report directly to CEO Karen Sammon and will be responsible for for the annual operating budget, monthly reporting, financial statements, cash flow projections, and will oversee the company’s banking activities and funding.

“I am honored by my appointment and see this as an excellent opportunity to make a major contribution as the company continues to grow,” Menar said in the release. “I look forward to building upon the solid foundation that already exists within PAR and will continue to emphasize long-term shareholder value by focusing on sustained profitability and disciplined financial decision making."

Menar has a bachelor’s degree in accounting and economics from Le Moyne College and an MBA in finance from the Stern Business School at New York University.

PAR Technology, based in New Hartford, is a provider of restaurant/retail management technology systems and government-contract services.

PAR Technology announced on March 14 of this year that it had fired its previous CFO Michael Bartusek in connection with unauthorized investments “made in contravention of the company’s policies and procedures involving company funds,” according to a PAR news release at that time. The unauthorized investments, totaling less than $900,000, occurred in the period between Sept. 25 and Nov. 6, 2015, the firm said.

Contact The Business Journal News Network at news@cnybj.com

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