Karen Sammon is CEO of Next7Gens, a holding company of ‘snowbelt’ manufacturers that are transforming to support the demands of the 4th industrial revolution while retaining their roots and culture. Karen is also launching the Virtuous Kitchen, an operation designed for table service restaurants that are looking to safely expand their business through delivery. The Virtuous Kitchen will be opening its first location in the second half of 2020.
Karen is the former CEO, President and Board Member of PAR Technology Corporation (NYSE: PAR), a global company providing management technology solutions to the Company’s restaurant/retail and government customers worldwide.
Karen led the $240M Restaurant/Retail and Government companies, with its 1,100 employees though PAR’s digital and culture transformation. She attributes the success of the strategic turnaround largely to their focus on values and culture. With her team, they transformed the company’s commoditized POS hardware and services business to a recurring SaaS revenue business model as a software restaurant management solutions powerhouse with cloud POS software and merchant services. She also transformed PAR’s Government business unit eliminating low margin business and focusing on highly profitable software development without impacting profitability. This transformation increased PAR’s valuation nearly 700% from $65M in 2013 to $500M in 2018.
Previously, Karen was the SVP of Operations for The CBORD Group, Inc. (NYSE: ROP; Roper Industries), overseeing full strategy and P&L for the US operation in one of six companies within the software applications segment, with revenues of ~$132M (2012). She led the largest number of SaaS solutions launched, introduced new partners and customers – adding 300bps to EBTIDA goals and setting revenue and contribution margins records in 2011 and 2012.
Karen is a Board Member of Conscious Capitalism, Inc., a global network of business leaders, entrepreneurs, and intrapreneurs, acted as the Governance Committee Chair, and currently sits on the Executive Committee and contributes to several Task Forces. She leads chapter growth in New York State, guiding organizations to define a higher purpose, ensuring equal value for all stakeholders, building servant leaders and a conscious culture.
Karen’s is a published, NACD member, thought leader, sought after to speak at across numerous conferences. She regularly speaks on topics related to corporate transformation, leadership and Conscious Capitalism and is a supporter of women in business including the Colgate Program on Women in Business. She earned Executive MBA credit from Harvard Business School, holds a JD from the University of Cincinnati, and is admitted into the Bar in the States of Illinois and New York. She holds a BA from Colgate University. She is committed to learning and is a member and adjunct at the Stagen Academy.