IDT Corporation Appoints Dr. Dov Zakheim to Board of IDT Telecom; Former Under Secretary of Defense Joins Board of IDT Telecom
March 29, 2004]
NEWARK, N.J. --(Business Wire)-- March 29, 2004 -- IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, telephone and technology company, today announced that Dr. Dov S. Zakheim, former Under Secretary of Defense and Chief Financial Officer of the Department of Defense, has been appointed to the Board of Directors of IDT Telecom. IDT Telecom is IDT's largest operating division, offering retail and wholesale telecommunication services.
Dov Zakheim has held prestigious positions in government, business and academia, said Jim Courter, IDT's Vice Chairman and CEO. In a challenging telecommunications marketplace, Dov provides IDT with expertise in economics and strategic planning and brings an outstanding record of leadership to the board. Dov's experience and sound judgment will play a critical role in IDT's continued growth.
Dr. Zakheim was sworn in as the Under Secretary of Defense (Comptroller) and Chief Financial Officer of the Department of Defense on May 4, 2001. Prior to that, he served in a number of key positions in government and private industry, including Corporate Vice President of System Planning Corp, a technology, research and analysis firm, and Chief Executive Officer of SPC International Corp., a firm specializing in political, military and economic consulting.
IDT also recently announced that the Hon. Leon Panetta and Leo Hindery were appointed to the Board of Directors of IDT Telecom. Mr. Panetta served as Chief of Staff to President Clinton and Director of the Office of Management and Budget for the Clinton administration. Mr. Hindrey is the Chairman and CEO of The YES Network, the NY Yankees sports and entertainment television network. |
