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Management Change In VimpelCom

Stocks in this article: VIP

AMSTERDAM, May 8, 2013 /PRNewswire/ --  VimpelCom Ltd. ("VimpelCom", "Company" or "Group") (NYSE: VIP), a leading provider of telecommunications services, today announces that Henk van Dalen, Chief Financial Officer, has decided to leave the Company when his contract expires in September 2013. Mr. van Dalen has agreed that he will remain with VimpelCom to conduct a full and seamless handover to his successor, if necessary beyond his contract expiry date. A process to identify VimpelCom's next Chief Financial Officer is underway and an announcement will be made in due course.

Jo Lunder, Chief Executive of VimpelCom, commented: "Henk has been a key member of our management board in the history and strategic development of VimpelCom, following the decision to site our Group Headquarters in Amsterdam. After its acquisition in 2011, he led the successful integration of Wind Telecom and the formation of an entirely new finance function with unified reporting structures across the Group. It is a tribute to his experience and tenacity that this was achieved in a short space of time, and our management team has gained considerable benefit from his leadership, insight and achievements. On behalf of the Company I would like to thank Henk for his contributions to VimpelCom."

Henk van Dalen said: "My three year period with VimpelCom has been an exciting journey during which we have built an HQ organization from scratch. I am grateful to the people in and outside the company with whom I have had the opportunity to work. VimpelCom is a company with great potential for all its stakeholders, for me it is a good moment now to move on to new worlds and connections."

About VimpelCom VimpelCom is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 753 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of December 31, 2012 VimpelCom had 214 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.

SOURCE VimpelCom Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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