IDT Corp. (IDT) Announces Management Changes in Connection with Spin Off
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IDT Corporation (NYSE: IDT) today announced changes to the positions of certain members of management.
Liore Alroy, currently CEO of IDT Telecom, will move from that post to serve as Deputy Chairman of both IDT Corporation and IDT’s soon to be spun-off subsidiary, Genie Energy Ltd., acting as a non-executive strategic advisor to both entities. Bill Pereira, currently IDT’s CFO, will take over as CEO of IDT Telecom. In addition, Marcelo Fischer, CFO of IDT Telecom will also become Senior Vice-President of Finance of IDT Corporation, responsible for financial operations, reporting and compliance, and serving as its certifying Principal Financial Officer.
As previously disclosed, upon the spin-off, Jim Courter, who has served as Vice Chairman of IDT’s Board of Directors, and Wes Perry, will leave the IDT Board to serve Genie in those capacities. Bill Pereira will be nominated to the IDT Board following the spin-off.
Liore Alroy, currently CEO of IDT Telecom, will move from that post to serve as Deputy Chairman of both IDT Corporation and IDT’s soon to be spun-off subsidiary, Genie Energy Ltd., acting as a non-executive strategic advisor to both entities. Bill Pereira, currently IDT’s CFO, will take over as CEO of IDT Telecom. In addition, Marcelo Fischer, CFO of IDT Telecom will also become Senior Vice-President of Finance of IDT Corporation, responsible for financial operations, reporting and compliance, and serving as its certifying Principal Financial Officer.
As previously disclosed, upon the spin-off, Jim Courter, who has served as Vice Chairman of IDT’s Board of Directors, and Wes Perry, will leave the IDT Board to serve Genie in those capacities. Bill Pereira will be nominated to the IDT Board following the spin-off.
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