This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

PAR Technology Corporation Announces Resignation Of Paul Domorski As Chief Executive Officer And President

Stocks in this article: PAR

The Board of Directors of PAR Technology Corporation (NYSE: PAR) (“PAR” or “the Company”) today announced the resignation of Paul B. Domorski as Chief Executive Officer and President. Mr. Domorski has also resigned from the Company’s Board of Directors, for which he served as Chairman.

The Board of Directors also announced two executive appointments, effective March 25, 2013. Ronald J. Casciano, currently PAR’s Chief Financial Officer, will become the Company’s Chief Executive Officer and President, as well as a member of the Board of Directors. Mr. Casciano has been Chief Financial Officer of PAR since 1995, having joined the Company in 1983. Robert P. Jerabeck will become Executive Vice President and Chief Operating Officer. Mr. Jerabeck joins PAR from Honeywell International Inc., for which he served in a number of roles within the Honeywell Scanning and Mobility business unit, including leading the global quality assurance team and serving as Chief Technology Officer.

Mr. Sangwoo Ahn, currently the lead independent member of the Board of Directors, has been named Chairman of the Board of Directors.

“On behalf of the Board of Directors, I thank Paul for his contributions,” said Mr. Ahn. “Since joining PAR, he completed a well-executed divestiture, and, despite a challenging economic environment, positioned the Company to capitalize on its well-established positions in the hospitality and government contracting markets. My fellow directors join me in wishing Paul the best in the next phase of his career."

Mr. Ahn continued, "The Board of Directors believes Ron Casciano is the best person to lead PAR, given his nearly three decades’ perspective on the Company’s evolution. Ron has driven our efforts to streamline and focus our operations and is well-qualified to direct our further pursuit of sustained, profitable growth. Ron’s strengths will be complemented by those of Bob Jerabeck, who has deep operational expertise, with a long career of leadership in product management, manufacturing, and quality systems. The Board welcomes Bob to PAR, and anticipates he will have a significant impact on the Company’s efficiency and effectiveness.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs