IDT Corp. announced the appointment of Marc J. Oppenheimer to its Corporate Board of Directors

April 11, 2006

1 Min Read

NEWARK, N.J. -- IDT Corporation today announced the appointment of Marc J. Oppenheimer to its Corporate Board of Directors. Mr. Oppenheimer, who will serve on the audit committee, replaces Michael Levitt, who left the board in March 2006. IDT Corporation (NYSE: IDT, IDT.C) is an international telecom, entertainment and technology company.

Mr. Oppenheimer joins IDT outside board members, J. Warren Blaker, Rudy Boschwitz, Saul K. Fenster, James S. Gilmore III, Thomas Slade Gorton III, Jack F. Kemp, and Jeane Kirkpatrick. Marc Oppenheimer recently served on the Board of Net2Phone, a subsidiary of IDT Corporation.

"During his 26 year career Marc Oppenheimer has held significant operating and financial positions in banking, industry and investment management," said Jim Courter, IDT's CEO. "His appointment adds another high caliber, strongly independent, and highly distinguished individual to our corporate board. Specifically, Marc will serve as the board's financial expert as required under the Sarbanes-Oxley Act."

Mr. Oppenheimer is presently Executive Vice President of Kenmar Global Investment Management, Inc, and a Managing Director of Kenmar-Nihon Venture Capital, LLC. Kenmar is a global asset management firm. Previously he was President and Chief Executive Officer of Crystallex International Corporation, an international gold mining company primarily focused in Venezuela. Mr. Oppenheimer also served as Director of Trade and Merchant Banking for the Midlantic National Bank, N.A. and was Chief Financial Officer of Superior Steel. He began his financial career as a credit officer at The Chase Manhattan Bank N.A. Mr. Oppenheimer has a B.S. with Honors in Management and Industrial Relations from New York University and a MBA with Honors in Finance from New York University.


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