Industry Update
Appointment 4 December 2012

Peter Altabef

Named President and Chief Executive Officer
At Oracle Hospitality in Columbia, USA

Peter AltabefMICROS Systems, Inc., 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.
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MICROS Systems, Inc. Announces CEO Succession Plan; Peter Altabef to Become Chief Executive Officer; A.L. "Tom" Giannopoulos to Serve as Executive Chairman

4 December 2012 — 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.
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Oracle Hospitality

Oracle Hospitality brings over 40 years of experience in providing technology solutions to independent hoteliers, global and regional chains, gaming, and cruise lines. We provide hardware, software, and services that allow our customers to act on rich data insights that deliver personalized guest experiences, maximize profitability and encourage long-term loyalty.
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