December 3, 2012

MICROS Systems, Inc. a leading provider of information technology solutions for the hospitality and retail industries, on Dec. 3 announced that Peter Altabef will succeed A.L. "Tom" Giannopoulos as MICROS' president and chief executive officer, effective January 2, 2013.  Giannopoulos, who has served as CEO since 1993, will continue as executive chairman until June 30, 2014. 

"It has been a great pleasure and privilege to lead MICROS as chief executive officer over the past 20 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," Giannopoulos said.

"I am very honored and proud to have been selected as MICROS' new President and Chief Executive Officer," said 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."

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.

For more information, visit www.micros.com.

December 3, 2012