Moscow, Russia - November 30, 2009, Moscow, Russia - Telenor and Altimo appoint Alexander Izosimov as the CEO of VimpelCom Ltd., a telecommunications joint-venture of Telenor ASA and Altimo Holdings & Investments.
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President and CEO Mr. Izosimov served as OJSC VimpelCom's Chief Executive Officer and General Director from October 2003 until April 2009.
Mr. Izosimov currently is the Chairman of the Board of GSM Association and serves on the Boards of Directors of Baltika Breweries Plc., MTG AB and Dynasty Foundation. Mr. Izosimov also is a member of the Council on Competitiveness and Entrepreneurship in Russia.
Prior to joining OJSC VimpelCom, Mr. Izosimov held senior positions with Mars, Inc. in Moscow and McKinsey & Company in Stockholm and London.
Mr. Izosimov has a M.S. degree from the Moscow Aviation Institute and an MBA from INSEAD.
The companies also announces that Jo Lunder will be the Chairman of the Board of Directors. Mr. Lunder, Mr. Leonid Novoselsky and Dr. Hans Peter Kohlhammer will be the independent members of VimpelCom Ltd.'s Board of Directors.
Chairman of the Board Jo Lunder is currently the Executive Vice President of FERD, one of Norway's largest privately-owned financial and industrial groups.
Previously, Mr. Lunder served as the Chief Executive Officer of Atea ASA, one of Europe's largest IT-infrastructure companies listed on the Oslo Stock Exchange. Prior to that, he served as Managing Director of Telenor Privat and Vice Managing Director of Telenor Mobil.
Mr. Lunder has been a member of the OJSC VimpelCom Board of Directors since May 2002. During his tenure at OJSC VimpelCom, Mr. Lunder served as Chairman of the Board, Chief Executive Officer, and Chief Operating Officer.
In addition, Mr. Lunder currently serves as Chairman of the Aibel Group of Companies, the second largest Nordic oil and gas services company, Chairman of Elopak AS, the world's third largest liquid carton packaging company, and Chairman of Swix Sport AS, a global supplier of winter clothing and skiing equipment.
Mr. Lunder earned a B.A. degree from Oslo Business School and holds an MBA from Henley Management College (UK).
Leonid Novoselsky has been a director of OJSC VimpelCom since June 2006. He is a co-founder and the General Director of the Gradient Group. Mr. Novoselsky also has served as General Director of LLC "Arbat Prestige Gradient" since 2005 and a founding member of LLC "Trade House "Symposium" since 2007.
From September 2008, Mr. Novoselsky has served as a director of OJSC "Protec", one of the largest pharmaceutical distributors in Russia. Mr. Novoselsky graduated from the Moscow Institute of Steel and Alloys and has an MBA from the University of Pennsylvania Wharton Business School.
Hans Peter Kohlhammer has been a director of OJSC VimpelCom since June 2008. Dr. Kohlhammer has been the Chief Executive Officer of Kohlhammer Consulting since August 2006 and served as the Chief Executive Officer of Broadnet AG in Hamburg from December 2006 to October 2007. ■