NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) recently announced it has appointed Douglas G. Rauch and Dr. James C. Stoffel to its board of directors.
PAR Technology, based in New Hartford, is a provider of restaurant/retail management technology systems and government-contract services.
Rauch spent 31 years with Trader Joe’s Company, the last 14 years as 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,” PAR said in a news release. Rauch is also the founder/president of Daily Table, a nonprofit grocery store in the Boston area that seeks to offer the poor healthy food at low prices. He previously served as CEO of Conscious Capitalism, Inc., where he continues to serve as a director.
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Dr. Stoffel is currently a general partner of Trillium International, a private equity company managing investments in technology companies in the U.S., Asia, and Europe, PAR said. He serves as a director and the chairman of the Compensation Committee of Aviat Networks, Inc., and is on the board of Harris Corporation. Stoffel has served as an international senior advisor to multiple private equity companies and was chairman and CEO of a Trillium Group portfolio company. Stoffel also held several senior management positions at Eastman Kodak, including senior VP of research & development, chief technology officer. Before Kodak, he was with Xerox Corp. for over 20 years and held several executive positions including VP & general manager of the Xerox Advance Imaging business unit.
Each newly appointed director will serve for a term expiring at the 2018 annual meeting of stockholders, PAR said. Both Rauch and Stoffel will serve on the company’s audit, nominating, and corporate governance and compensation committees. Rauch and Stoffel replace PAR board members Todd Tyler and Paul Eurek who informed the company of their intention to step down from the board once successors were appointed, PAR said.
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