Boris Nemsic Resigns As CEO at VimpelCom

­VimpelCom has announced that the CEO of its Russian arm and former Telekom Austria CEO, Boris Nemsic has resigned, with immediate effect. Nemsic had joined VimpelCom last April.

At the same time, VimpelCom has divided its reporting structure into four business units - Russia, Ukraine, CIS and International - that will report to the Company's headquarters in Amsterdam.

In connection with the restructuring, VimpelCom's current CFO, Elena Shmatova has been appointed the General Director of OJSC "VimpelCom" and will lead the Russia business unit. The Ukraine business unit will continue to be led by Igor Lytovchenko, President of Kyivstar. The CIS business unit will continue to be led by Dmitry Kromsky.

At the same time, Alexander Torbakhov, the General Director of VimpelCom also decided to leave the Company effective immediately.

Alexander Izosimov, Group CEO of VimpelCom, Ltd. said, "We thank Boris and Alexander for their contributions in shepherding the company through very tough macro economic circumstances and wish them the best in their new endeavors."

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