New Hartford, N.Y. — Savneet Singh, a member of PAR Technology Corporation’s board of directors since April 2018, has been appointed interim chief executive officer (CEO) and president of the company, effective December 4, 2018.
Dr. Donald H. Foley has stepped down as CEO and president, and as a director of the company. The board’s nominating and corporate governance committee has initiated a search process to identify a permanent CEO and has retained a leading executive search firm to assist in its efforts.
Singh is a partner of CoVenture, LLC, a multi-asset manager with funds in venture capital, direct lending and crypto currency. He has served as a partner of CoVenture since June 2018. From 2017 until 2018, Singh served as the managing partner of Tera-Holdings, Inc., a holding company of niche software businesses that he co-founded.
PAR’s restaurant/retail segment has been a leading provider of restaurant and retail technology for more than 35 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 foodservice companies. For more information, visit www.partech.com.
SOURCE: PAR Technology Corporation