Altimo announced the formation of an International Advisory Board (IAB)
18 Sep 2006
London – Altimo, the $10bn international telecoms investment business of Alfa Group of Russia, is pleased to announce the formation of an International Advisory Board, and the co-location of its worldwide headquarters to London.
The Altimo International Advisory Board (‘IAB’) will comprise, initially, the following individuals:
1 Sir Julian Horn-Smith, retired as Deputy Chief Executive of Vodafone Group plc in August 2006, having served with Vodafone since 1984 and for a decade as a Board director, latterly from 2001-05 as Chief Operating Officer. He is a non executive director of Smiths Group plc and Lloyds TSB plc, and also Chairman of Sage Group plc.
2 Lord Douglas Hurd, serves as Vice Chairman of Hawkpoint Partners, the international corporate finance firm, and as Deputy Chairman of Coutts & Co. He served as British Secretary of State for Foreign Affairs from 1989-2005.
3 Sir Roderic Lyne is a Non Executive Director of Accor, the French hotels group, a member of the Board of the Russo-British Chamber of Commerce and a Special Adviser to BP plc and HSBC Bank. He served as British Ambassador to Russia from 2000-04, and previously in Geneva as the UK’s Permanent Representative to the UN and other international organisations. He is a Visiting Professor at Kingston University Business Schools.
4 The Honorable Peter S. Watson is President and CEO of the Dwight Group and a Non Executive Director of the Fluor Corporation. He served as Chairman, President and CEO of the U.S. Overseas Private Investment Corporation (OPIC) from 2001-05. Prior to those appointments, Dr. Watson served as Chairman of the U.S. International Trade Commission and at the White House as Director of Asian Affairs at the National Security Council.
The IAB will meet three or four times a year, typically at Altimo’s new London offices, and will advise on the group’s international development strategy, relationships with key partners and counter-parties, and with regulators and other government agencies. It is envisaged that further appointments to the IAB will be announced over the next 12 months.
Speaking of the IAB and of the co-location of the group’s headquarters, Altimo CEO Alexey Reznikovich said:
“We are delighted to announce the appointment of such a distinguished group of international statesmen and businessmen to our International Advisory Board. They will bring unsurpassed quality of experience as we consider and develop the international business strategy of Altimo over the years ahead.
The appointment of the Board coincides with our commitment to London as our joint group headquarters. With over 50% of our assets beyond the borders of Russia, Altimo has now become an international company, so the opening of the London office is an expression of our commitment to the internationalism and best practice approach with which we are building our business.”
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