Amsterdam (December 5, 2011) – VimpelCom Ltd. (“VimpelCom” or “the Company”) (NYSE:VIP) announced today that Jon Fredrik Baksaas, President and CEO of Telenor Group, will rejoin the Supervisory Board of VimpelCom with immediate effect. Mr. Baksaas is replacing Jan Edvard Thygesen who has been appointed deputy CEO and COO of the Company as of January 1, 2012.
Biography Jon Fredrik Baksaas
Mr. Baksaas has been President and CEO of Telenor Group since June 2002.
Prior to becoming the President and CEO, Baksaas served as Telenor’s Deputy CEO, CFO and Executive Vice President with the overall responsibility for Telenor’s networks and communication services in Norway, one of the world’s most advanced countries in ICT usage. Before joining Telenor in 1989, he served as CFO in Aker AS, CFO in Stolt-Nielsen Seaway and held finance related positions in Det Norske Veritas (DNV) in Norway and Japan. Baksaas is currently a board member of Svenska Handelsbanken AB, GSMA Association and the Advisory Council of Det Norske Veritas (DNV).Mr. Baksaas holds a Master of Science degree from the Norwegian School of Economics and Business Administration and has additional qualifications from IMD in Lausanne, Switzerland.
About VimpelCom Ltd.
VimpelCom is one of the world’s largest integrated telecommunications services operators offering a wide range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. VimpelCom’s operations around the globe cover territory with a total population of approximately 864 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", “Wind”, "Infostrada" “Mobilink”, “Leo”, “banglalink”, “Telecel”, and “Djezzy” brands. VimpelCom has more than 200 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit: http://www.vimpelcom.com.
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