Genie Energy Ltd says that its Board of Directors has appointed Chairman Howard Jonas to assume the additional role of Chief Executive Officer effective January 1, 2014.

Mr. Jonas has served as Genie's Chairman since it was spun off from IDT Corporation in 2011. Claude Pupkin, Genie's current CEO, will remain at Genie and continue to serve as President of Genie's American Shale Oil subsidiary and Senior Vice President of Business Development. Geoff Rochwarger will remain as Genie's Vice Chairman and CEO of its IDT Energy subsidiary.

'Claude Pupkin deserves tremendous credit for structuring and developing Genie Oil and Gas (GOGAS), preparing and managing Genie Energy through the spin-off from IDT, and for vigorously driving Genie's overall strategic development,' Howard Jonas said. 'He has done an outstanding job.'

Tags: Genie Energy Ltd