VTB announces changes in the management team of Tele2 Russia, which was bought by VTB Group in late March.
Alexander Provotorov has been appointed as President and CEO, and will also be a member of the Board of Directors. Mr Provorotov has extensive experience in the telecom industry. He was the head of Rostelecom for the last three years and previously served as First Deputy CEO at Svyazinvest.
Jere Calmes, who has served as the company’s President and CEO since February 2013, will remain with Tele2 Russia as First Deputy CEO. In this role, Mr Calmes will be responsible for the company’s operations and will also be a member of the Board of Directors.
"As a shareholder, VTB is very pleased with Tele2 Russia’s excellent financial and operating results in the first quarter of 2013," First Deputy President and Chairman of VTB Bank Management Board Yuri Soloviev said. "The company continues to grow, posting record growth in terms of revenues and new customers. I am convinced that Alexander Provotorov will make a significant contribution to further successful development of Tele2 and will help transform the company into a leader in the Russian telecommunications market."