Mike Moore Altimo Foundation’s Chairman

MEDIA STATEMENT

Wednesday, April 1, 2008 The Altimo Foundation, a non-profit organization established to promote social investment initiatives of Altimo in the emerging markets, is pleased to announce the appointment of Rt. Hon. Mike Kenneth Moore to the position of Altimo Foundation’s Chairman.

Mike Moore formerly served as Prime Minister of New Zealand, and as Director- General of the World Trade Organization.

At the age of 23, Mr. Moore was one of the youngest people ever to be elected to the New Zealand Parliament. During the 27 years of his political career in New Zealand, he became the third ranked Minister with portfolios of overseas trade, sport, and tourism. His keen interest in international trade issues made him a strong contestant for the post of Director-General of the World Trade Organization (WTO). During his tenure at the WTO, China and several economies in transition became members and the Doha Development round was successfully launched. After his tenure at the WTO, Mr. Moore was appointed to the Global Commission on International Migration, a United Nations organization launched at the end of 2003. Mr. Moore is a member of the UN Commission on the legal empowerment of the poor.

Kirill Babaev, Altimo Foundation’s CEO, said, “I am delighted to welcome Mike Moore as the head of the Altimo Foundation. As an internationally recognized social entrepreneur he will bring a unique experience to Altimo Foundation that is aimed to make social investments in projects which will promote cultural interaction and the communication of values between East and West with a commitment to supporting social cohesion and business expertise in developing economies.”

ENDS

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