OREANDA-NEWS. On 12 May 2008 was announced, that Moscow, Russia – May 12, 2008 – Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced the appointment of Dmitry Ivanov as Chief Financial Officer (CFO). Mr Ivanov has 17 years of financial experience in leading Russian and international companies.

He most recently served as Chief Financial Officer at Sitronics, a publicly listed company within the AFK Sistema group, where he was responsible for capital market transactions, coprorate financial strategy and all financial processes, including annual budgeting and forecasting, cash management and treasury functions. Mr Ivanov played a key role in taking Sitronics through the IPO process, establishing a world class finace department, and leading the company through other capital market activities, including the isuue of Eurobonds and financing of cross-border M&A transactions.

Commenting on the appointment, Tony Maher, Wimm-Bill-Dann’s Chief Executive Officer, said: “We are very pleased that Dmitry has decided to join our team. He is a versatile finance officer and we were very impressed with his extensive track record in financial management and corporate finance. Dmitry brings a unique set of experineces and skills in M&A, debt raising, and organizational restructuring. He also has the rare experinece of taking a company public. His seven years of service within the AFK Sistema group and two years as the CFO of Multon gives Dmitry a deep understanding of our industry and the demands on the CFO of a public company. We are looking forward to together taking Wimm-Bill-Dann’s finance department to yet another and even stronger level”.

“I am very excited at this new opportunity,” – Dmitry Ivanov said. “Wimm-Bill-Dann is one of the most progressive Russian public companies and I am honored to join such a well regarded company. I bring a strategic and analyitical approach to building and developing finance functions. Coupled with my knowledge of the FMCG sector gained during my time at Multon, and in Small Enterprise Assistance Funds I will help drive Wimm-Bill-Dann’s financial strategy going forward, as well as enhancing day-to-day financial management throughout all the 37 production facilities based around Russia and the CIS. I also have extensive experience in ERP implementation, and I will be personally overseeing the implementation process.”

Mr Ivanov was born in St Petersburg, Russia and has worked in a variety of senior finance roles within the AFK Sistema group, Multon (today part of Coca-Cola Company), Creditanstalt Investment Bank and Small Enterprise Assistance Funds. He graduated from the St Petersburg Shipbuilding University in 1991 and the same year received a Certificate in Accounting from the St Petersburg University of Economics. He holds an MBA from Vlerick Leuven Gent Management School.