IDT announces departure of chief financial officer

May 29, 2008

1 Min Read

SAN JOSE, Calif. -- IDT® (Integrated Device Technology, Inc.)(NASDAQ:IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced that Clyde R. Hosein, vice president and chief financial officer, will be resigning his position with IDT effective June 13, 2008 to pursue other opportunities. The company will begin a search for Hosein’s replacement immediately.

Brian White, vice president of finance, will assume day-to-day financial management responsibilities for the company during the interim between Hosein’s departure and the appointment of his replacement. White has more than 19 years of accounting and financial experience.

“Clyde has been a valuable contributor to IDT and an important strategic partner for the management team,” said Ted Tewksbury, president and chief executive officer of IDT. “The board of directors and I appreciate his leadership, dedication and expertise over the past five years and we wish him the best of luck with his future endeavors. Clyde has built a strong finance organization with sound processes and controls. I have full confidence in Brian’s ability to perform the CFO responsibilities during this interim period.”

IDT Corp. (NYSE: IDT)

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