magicJack VocalTec Ltd.
magicJack Appoints Gerald T. Vento as President and CEO Effective January 1; Founder Daniel Borislow to Lead New Marketing and Product Development Initiatives
WEST PALM BEACH, Fla., and NETANYA, Israel, Dec. 28, 2012 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd. (Nasdaq:CALL) (the "Company"), the Voice Experts and cloud communications leader that invented voice over IP (VoIP) and sold over ten million magicJacks®, today announced the appointment of Gerald T. Vento as President and Chief Executive Officer effective January 1, 2013. Mr. Vento is a seasoned telecom executive with more than three decades of experience and a strong industry track record. Notably, he founded TeleCorp PCS, Inc., a public U.S. wireless services company, in 1996. As Chairman and CEO, he grew TeleCorp's annual revenue to $1.1 billion and sold the company to AT&T Wireless for $5.7 billion in 2002. Mr. Vento has been a Director of magicJack since 2008 and became Chairman of the Board in April 2012. In connection with Mr. Vento's new role, current Board Member Donald Burns, also an experienced and successful public telecom company founder and CEO, will assume the role of Chairman of the Board.