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VimpelCom names Jo Lunder as new CEO.

TELECOMWORLDWIRE-May 16, 2011-VimpelCom names Jo Lunder as new CEO(C)1994-2011 M2 COMMUNICATIONS

Russian telecoms operator VimpelCom Ltd reported today that its CEO, Alexander V. Izosimov, will step down as of 30 June 2011.

The company's supervisory board has appointed the current chairman, Jo O. Lunder, as the new CEO of VimpelCom.

Lunder served as CEO and chief operating officer of OJSC VimpelCom at various times between 1999 and 2003. Since then he has served as an independent director and as chairman of OJSC VimpelCom and, more recently, VimpelCom Ltd.

The supervisory board has proposed Augie K. Fabela II, co-founder and chairman emeritus of VimpelCom, to serve as the new chairman of the supervisory board.

In addition the supervisory board has recommended the election of the following slate of candidates to the supervisory board at the general meeting of shareholders on 28 June: Augie K. Fabela II, Mikhail M. Fridman, Kjell-Morten Johnsen, Dr Hans-Peter Kohlhammer, Oleg A. Malis, Leonid R. Novoselsky, Alexey M. Reznikovich, Ole-Bjorn Sjulstad and Jan-Edvard Thygesen.

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Comment:VimpelCom names Jo Lunder as new CEO.
Article Type:Brief article
Geographic Code:4EXRU
Date:May 16, 2011
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