Mikhail Shamolin

Mikhail Shamolin was appointed President and Chief Executive Officer (CEO) of MTS Group in May 2008. Prior to his current role, Mr. Shamolin held the position of Vice President, Head of MTS Russia since August 2006. In this capacity, Mr. Shamolin managed the largest MTS business unit, one which contributes roughly 75% of value to MTS. During his tenure, revenues grew 67% and operating efficiency improved considerably as Mr. Shamolin presided over sustained growth in voice usage, adoption of value-added services, both of which led to an over 50% rise in average revenue per user (ARPU). Mr. Shamolin joined MTS in July 2005 as Vice President, Sales and Customer Service.

Prior to joining MTS, Mr. Shamolin worked at McKinsey & Co. from 1998 to 2004. In 2004 and 2005 he worked at Interpipe Corp. (Ukraine) as Managing Director of the Ferroalloys Division.

Mr. Shamolin graduated from the Russian Academy of Government Service under the President of the Russian Federation in 1993. From 1996 to 1997, he studied at Wharton Business School, where he completed finance and management course for top-managers.