13.08.2009 11:30:00
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ParTech, Inc. Appoints Tim Vainer Managing Director in Charge of Yum! Brands, Inc.
ParTech, Inc., a company transforming the hospitality technology sector as a leading provider of software and hardware solutions to restaurants, hotels, spas and retail industries, today announced that Tim Vainer has joined the company as managing director in charge of the Yum! Brands, Inc. account. The Yum! organization encompasses the world’s leading restaurant brands including KFC, Pizza Hut, Taco Bell, Long John Silver's and A&W. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE:PTC).
"We are excited to have Tim joining the PAR team,” said A. Edwin Soladay, ParTech president. "Tim brings extensive experience both in the restaurant point-of-sale industry and with the Yum! organization, specifically. As managing director in charge of PAR’s Yum! global customer relationship, Tim will ensure that PAR continues to deliver the superior products and solutions, unparalleled service, and best-in-class operational infrastructure necessary to support worldwide expansion initiatives for Yum! and other global PAR accounts in the growing restaurant industry.”
"I have worked with PAR for many years during my tenure with Yum!, helping to deploy point-of-sale systems throughout the Yum! branded restaurant network in more than 100 countries,” Vainer said. "I have an extensive understanding of PAR’s unique strengths and offering as well as Yum!’s global operations, franchisee needs and corporate structure. Now, in my new role at PAR, I will be uniquely positioned to help PAR exceed Yum!’s expectations during an important period of growth and technology investment for the company and its franchise partners.”
Vainer brings more than 25 years of restaurant industry experience to PAR. Prior to joining PAR, he was director of field systems and franchise systems for Yum! Brands International, where he was responsible for franchise partner engagement, supporting new concepts, driving restaurant technology within the four walls, point-of-sale standardization and other productivity initiatives, worldwide. Prior to that, Vainer held several other positions at Yum! Most notably, Vainer was the interim chief information officer for Yum! International, director of strategic initiatives for Yum! Brands, and was the brand leader for information technology at Pizza Hut, Inc. He also brings a wealth of restaurant operations experience from numerous front line and staff positions while at Pizza Hut, Inc./PepsiCo.
About Yum! International Brands
Yum! Brands, Inc., based in Louisville, Kentucky, is the world’s largest restaurant company in terms of system restaurants, with more than 36,000 restaurants in over 110 countries and territories. The company is ranked #239 on the Fortune 500 List, with revenues in excess of $11 billion in 2008. Four of the company’s five restaurant brands – KFC, Pizza Hut, Taco Bell, Long John Silver’s and A&W– are the global leaders of the chicken, pizza, and Mexican–style food and quick–service seafood categories, respectively. Outside the United States, the Yum! Brands system opened more than four new restaurants each day of the year, making it the largest retail developer in the world. The company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving, and consistent shareholder returns. For the second year, the company launched the world’s largest private sector hunger relief effort in partnership with the United Nations World Food Programme and other hunger relief agencies. To date, this effort is helping to save approximately 4 million people in remote corners of the world, where hunger is most prevalent.
About PAR Technology Corporation
PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world's largest restaurant chains and their franchisees for almost 30 years. Today the Company's extensive offering includes technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR’s global service network. The Company has over 50,000 installations in 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and various federal agencies. Through PAR Logistics Management Systems, the Company is a provider of best of breed integrated solutions for shipping asset management and tracking. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s website at www.partech.com.
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