LetterOne Technology appoint Jeremie Berrebi and Gennady Gazin to advisory board
London, May 26, 2015: LetterOne Technology, the strategic long-term investor in international technology markets, has strengthened its advisory board with the appointment of Jeremie Berrebi and Gennady Gazin.
Gennady Gazin currently serves as Vice-Chairman of the Board at Studio Moderna, a multi-channel and direct-to-consumer retailer in Central and Eastern Europe. From 2007 to 2012 he was CEO of EastOne, an international investment advisory group. Prior to joining EastOne, Gennady worked in McKinsey and Company’s telecommunications practice and served as the Senior Partner responsible for the firm’s CIS practice. Gennady is a member of the Supervisory Board of VimpelCom Ltd. and chairman of the board of Genesis Philanthropy Group.
Mr. Gazin said: “I’m very pleased to become an advisory board member of LetterOne Technology. Having worked closely with the team at VimpelCom, I have built a strong relationship with the LetterOne team and am excited about helping the Group build on its impressive portfolio.”
Jeremie Berrebi is a serial investor in high tech companies, having invested in over 300 businesses in the last five years. He is the founder/co-founder of more than 14 high tech companies, including Magic Capital, KoolCapital LLC, RounVIP, IAdvize and Kima Ventures, which Jeremie recently left to focus on building and mentoring new startups. Jeremie serves as an Advisory Board Member of Teliswitch. Berrebi was elected as the Best Angel/Seed Investor in Europe (2014) at the Europas, one of the Top 10 most influential Technology investors in Europe by The Daily Telegraph, one of the 40 under 40 most promising people in Israel by TheMarker and Most Active Angel Investor in the World by Business Insider. He is a former Editor of leading online technology news service ZDNet France.
Mr. Berrebi said: “I’m delighted to join the LetterOne Technology advisory board, and am excited about the opportunities this partnership will create for new and existing technology businesses around the world. The LetterOne Group shares the vision and drive of the entrepreneurial businesses we work with every day.”
Alexey Reznikovich, LetterOne Technology’s Managing Partner, said: “these two very senior appointments provide further momentum behind our defined business strategy of applying leading entertainment and digital capabilities to the mobile telecoms consumer, across our international markets. We look forward to their strategic contributions to the growth of our investee businesses over the years ahead.”
About LetterOne Technology:
The LetterOne Telecom platform was created with the contribution of Alfa Group Consortium’s telecoms interests together valued at $13.5bn (as at 31 December 2013):
- a 13.22% stake in Turkcell, the Turkish telecoms operator; and
- a 47.9% voting stake in VimpelCom, the NASDAQ-listed international telecoms operator.
LetterOne Telecom is a strategic long term investor in the global listed and unlisted international telecoms markets which will expand over time to include investments which present opportunities for value through consolidation; internationalisation; and/or synergy with digital strategies and execution.
LetterOne Telecom will be developed through additional acquisitions of controlling and significant influence stakes of sizeable companies (transaction value >$1bn) in the sector, focusing on special situations such as turnaround of distressed and underperforming assets, other value opportunities including add-on acquisitions to the existing asset base and complementary parts of the value chain.
