IDT Australia (ASX:IDT) has appointed Paul McDonald as Chief Executive Officer on a permanent basis, effective immediately.
IDT Australia says Mr McDonald has served as Interim CEO for the past five months, and has a strong track record of building customer relationships and executing contracts.
The material terms of his contract include a base salary of $310,000 (excluding superannuation), a short-term incentive of up to 50% of his base salary, and a long-term incentive commensurate with the company's long-term incentive plan.
The agreement is ongoing unless terminated by either party with three months prior written notice.