MICROS Systems, Inc. Announces CEO Succession Plan; Peter Altabef
to Become Chief Executive Officer; A.L. "Tom" Giannopoulos to Serve
as Executive Chairman
COLUMBIA, Md., Dec. 3, 2012 /PRNewswire/ -- MICROS Systems,
Inc. (NASDAQ: MCRS), a leading provider of information technology
solutions for the hospitality and retail industries, today
announced that its Board of Directors has elected Peter Altabef to succeed A.L. "Tom" Giannopoulos
as MICROS' President and Chief Executive Officer, effective
January 2, 2013. Mr.
Giannopoulos, who has served as the Company's CEO since 1993, will
continue his duties as executive chairman of the Company during the
period of his employment, which extends to June 30, 2014. After Mr. Giannopoulos
retires, the Board intends to appoint a non-executive independent
chairperson. The Board has also expanded from 6 to 7
directors, and Mr. Altabef will be appointed a director, effective
January 2, 2013.
Mr. Altabef, 53 years old, served as President and Chief
Executive Officer of Perot Systems from 2004 until 2009, when Perot
Systems was acquired by Dell, Inc. Perot Systems was a
$2.8 billion company that provided
technology solutions to many multi-national companies throughout
the world. Upon Dell's acquisition of Perot Systems, Mr.
Altabef served as President of Dell Services until his departure in
2011.
"Under Mr. Giannopoulos' steady leadership, MICROS has prospered
and thrived for two decades, and remains firmly positioned as an
innovator and leader in the industries we serve," stated
John J. Puente, MICROS Director and
Chairman of the Compensation and Nominating Committee of the Board
of Directors. "With this transition, Mr. Giannopoulos will
continue to provide executive leadership and direction for MICROS,
while allowing Mr. Altabef to assume daily operational
responsibilities with the existing MICROS executive team. We
welcome to MICROS Mr. Altabef, who has a long and distinguished
history overseeing thriving technology organizations."
"It has been a great pleasure and privilege to lead MICROS as
Chief Executive Officer over the past twenty years. In this
two-decade period, MICROS has grown from a small, boutique hardware
purveyor to the restaurant industry to one of the world's most
dynamic and innovative technology solution providers to the global
restaurant, hotel and retail marketplaces," stated Mr.
Giannopoulos. "I am most proud of the deep and enduring
relationships I have developed with many of our valued employees
and clients, and believe the Company remains in excellent hands
with Mr. Altabef and our tenured strong management team."
"I am very honored and proud to have been selected as MICROS'
new President and Chief Executive Officer," added Mr.
Altabef. "I am most excited about working with Mr.
Giannopoulos and the very talented executive management team he has
assembled. I am confident that we can continue to grow the
Company, whose foundations are strong and deep, and whose
innovation in the markets we serve is unparalleled."
About MICROS Systems, Inc.
MICROS Systems, Inc.
provides enterprise applications for the hospitality and retail
industries worldwide. Over 370,000 MICROS systems are currently
installed in table and quick service restaurants, hotels, motels,
casinos, leisure and entertainment, and retail operations in more
than 180 countries, and on all seven continents. In addition,
MICROS provides property management systems, central reservation
and customer information solutions for more than 30,000 hotels
worldwide, as well as point-of-sale, loss prevention, and
cross-channel functionality for more than 150,000 retail stores
worldwide and 17,000 Fuel and Convenience stores. MICROS stock is
traded through NASDAQ under the symbol MCRS.
For more information on MICROS and its advanced information
technology solutions for the hospitality and retail industries,
please contact Louise Casamento,
Vice President of Marketing at (443) 285-8144 or (866) 287-4736.
You can also visit the MICROS website at www.micros.com or send an
email to info@micros.com. Follow MICROS on Facebook,
LinkedIn, YouTube, and the MICROS Blog.
The MICROS logo is a registered trademark of MICROS Systems,
Inc.
All other product and brand names are the property of their
respective owners.
Contact:
Louise Casamento
443-285-8144
lcasamento@micros.com
SOURCE MICROS Systems, Inc.