IDT Management Merry-Go-Round Stops And Three Fall Off!
On Tuesday IDT announced that two of it's senior Telecom executives are gone! Chief Operating Officer Marc Oppenheimer and Executive Vice President Motti Lichtenstein were said to have resigned (wink, wink, nudge, nudge) and Liore Alroy, former Net2Phone CEO, has been appointed as new CEO of Telecom.
This is a momentous time for IDT, not because of Liore Alroy taking over the ship which should help them, but because it marks one of the first times in a long while that IDT has pushed out executives. Normally the executives just get moved around! To me this move shows that IDT is finally realizing that it has to change and that change starts from the top down! The industry has changed in leaps and bounds and IDTs management has not.
For investors and business partners of IDT this is probably the most encouraging news from the company in years! It suggests that Howard Jonas is finally serious about turning things in his core business around.
You can read the full press release here
This is a momentous time for IDT, not because of Liore Alroy taking over the ship which should help them, but because it marks one of the first times in a long while that IDT has pushed out executives. Normally the executives just get moved around! To me this move shows that IDT is finally realizing that it has to change and that change starts from the top down! The industry has changed in leaps and bounds and IDTs management has not.
For investors and business partners of IDT this is probably the most encouraging news from the company in years! It suggests that Howard Jonas is finally serious about turning things in his core business around.
You can read the full press release here
