IDT CEO Jim Courter To Remain as Vice Chairman
July 27 2009 - 5:30PM
Business Wire
IDT Corporation (NYSE: IDT, IDT.C) announced today that Vice
Chairman and CEO Jim Courter will remain as the Company’s
non-executive Vice Chairman of the Board after his tenure as Chief
Executive Officer expires on October 21, 2009.
In October of 2008, the Company announced that Mr. Howard Jonas,
founder and current Chairman of the Board of IDT, would re-assume
the role of CEO when Mr. Courter stepped down.
“I am delighted that Jim will continue to contribute to IDT’s
growth in the coming years as Vice Chairman of the Board,” said
Howard Jonas. “He has done marvelous work as CEO. His counsel and
seasoned judgment have been, and will continue to be, important to
the Company’s future.”
“Jim Courter is one of the finest individuals and chief
executives I have ever dealt with,” said James Mellor, IDT’s Lead
Independent Director. “I am delighted that we will continue working
together on IDT’s Board.”
“I look forward to focusing on my work as Vice Chairman of IDT’s
Board,” said Mr. Courter. “I’m particularly pleased by the progress
we have made in the past year to restructure operations and prepare
for future growth. Howard Jonas has always been IDT’s visionary,
and there is no one better qualified to lead the Company and
continue this progress as its CEO.”
About IDT Corporation:
IDT Corporation (www.idt.net) is a multinational holding company
focused on the telecommunications and energy industries. IDT
Corporation's Class B Common Stock and Common Stock trade on the
New York Stock Exchange under the ticker symbols IDT and IDT.C,
respectively.
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those with the
words "believe,” "anticipate,” "expect,” "plan,” "intend,”
"estimate,” "target” and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All forward-looking statements and risk factors
included in this document are made as of the date hereof, based on
information available to IDT as of the date thereof, and IDT
assumes no obligation to update any forward-looking statements or
risk factors.
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