IDT Corporation Appoints Abilio Pereira as President and Chief Operating Officer, with Effect from January 1, 2018
December 05, 2017 at 04:31 pm EST
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On December 5, 2017, the IDT Corporation entered into an Agreement with Abilio (Bill) Pereira, who currently serves as Chief Executive Officer of IDT Corporation subsidiary IDT Telecom Inc. (IDT Telecom). This Agreement provides for the termination, as of December 31, 2017, of the Amended and Restated Employment Agreement, dated January 12, 2015, between IDT Telecom and Mr. Pereira. Pursuant to the Agreement, upon execution of a release, Mr. Pereira will receive $425,000, payable over the course of seven months, and will, commencing on January 1, 2018, serve as President and Chief Operating Officer of the IDT Corporation. The Agreement has an effective date of January 1, 2018 and continues until it is terminated by either the IDT Corporation or Mr. Pereira.
IDT Corporation is a provider of fintech and communications services. Its businesses include National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution Calling and IDT Global. NRS, through its point-of-sale (POS) platform, enables independent retailers to operate while providing advertisers and marketers with unprecedented reach into underserved consumer markets. BOSS Money provides international money remittance services markets to immigrant communities across the United States and Canada. BOSS Money enables retail customers to send money to friends and family in 47 countries in Latin America and the Caribbean, Africa, Europe and Asia. net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices. IDT Digital Payments provides a range of prepaid digital products, including mobile airtime top-up, mobile data bundles, digital gift cards and other offerings.