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Golden Telecom Announces Appointment of Vice-President and Chief Risk Officer
18 Nov 2004

Prior to joining Golden Telecom, Tripp Wallace was a Special Agent in the Financial Crimes Unit of the Federal Bureau of Investigation (FBI) based in Cleveland, Ohio, where he managed complex financial crimes investigations throughout the United States. He has extensive knowledge of the corporate regulatory environment, internal auditing and control functions, and accounting rules and regulations. Mr. Wallace has spent the last seven years analyzing financial statements and entity controls of numerous operations that led to the successful prosecution of complex multi-state financial crime cases. Prior to joining the FBI, Mr. Wallace worked as an accountant for a United States subsidiary of the British multinational corporation, Courtaulds Fibers Rayon, Inc. Mr. Wallace has an undergraduate degree in accounting from Spring Hill College and a MBA from the University of Mobile.

Brian Rich, Senior Vice President and Chief Financial Officer of Golden Telecom commented that, "Golden Telecom has a strong reputation for corporate governance and attention to risk control. Given our size and continued growth and our need to address the current and on-going requirements of Sarbanes-Oxley, our organization now warrants an experienced and dedicated resource to ensure that we continue to manage our risks as we expand and optimize our operations. Clearly, Tripp's previous experience, analytic skills, and accounting background make him ideally suited to meeting Golden Telecom's needs."

Tripp Wallace added, "I believe that Golden Telecom's strong business model and excellent reputation for corporate governance, SEC compliance, and transparency make this the perfect platform for me to return to the private sector. I look forward to working with the management team to further enhance Golden Telecom's overall risk controls as it continues to grow organically and by acquisition."

Golden Telecom Inc.

Altimo, a leading private equity group, operating on some of the world's most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (Golden Telecom, Inc., Turkcell Iletisim Hizmetleri A.S., Kyivstar GSM, MegaFon, VimpelCom, Sky Mobile). Those assets are in Russia , the CIS and other promising emerging markets.

Golden Telecom Inc. is a leading independent  fixed-line communications operator in Russia. The company provides, via its own infrastructure, complex telecommunications and internet services in Russia and several CIS countries. Listed on US NASDAQ. In Q1 2008, VimpelCom acquired 100% of the oustanding share capital of Golden Telecom.


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