AMSTERDAM, Feb. 13, 2020 /PRNewswire/ -- VEON Ltd.
(NASDAQ: VEON) (EuronextAmsterdam: VEON), a leading
global provider of connectivity and digital services, today
announces the appointment of Sergi
Herrero and Kaan Terzioğlu as co-Chief Executive Officers,
effective from March 1st,
Ursula Burns, who was appointed
as Executive Chairman in July 2017
and CEO in December 2018, will remain
as VEON's Chairman.
Kaan and Sergi will jointly drive performance in the Group, with
complementary focus areas. Kaan will lead on VEON's core
telecommunication services and oversee operations in Russia, Kazakhstan, Uzbekistan, Kyrgyzstan and Georgia. Sergi will lead on building new
ventures, digital products, partnerships and oversee operations in
Pakistan, Ukraine, Algeria, Bangladesh and Armenia.
Sergi and Kaan become co-CEOs following four months as VEON's
Joint Chief Operating Officers. Before joining VEON, Sergi served
as Facebook's Global Director of Payments and Commerce Partnerships
where he helped to build and expand Facebook's successful payments
business. Kaan was previously CEO of Turkcell, leading it through a
successful transformation to a digital operator.
Commenting on the appointments, Ursula said: "Kaan and
Sergi are a formidable leadership team, with each bringing
complementary skills and experience, further positioning VEON to
strengthen our core connectivity business while expanding our suite
of digital services.
"I thank my colleagues for their support and hard work during my
time as CEO. Together, we have strengthened VEON by ensuring solid
operational and financial performance; attracting world-class
senior talent; simplifying our corporate structure and introducing
a new strategy with the aim of fueling growth. I look forward to
supporting Sergi and Kaan as VEON's Chairman."
Commenting on their appointments as VEON's Co-CEOs Sergi and
Kaan, said: "Our 212 million customers are at the centre of how we
plan to drive growth across every one of our operating companies
and business lines. Connectivity is a fundamental part of our offer
which we are committed to growing. However, we are equally focused
on addressing the growing demand for locally relevant digital
services across our ten operating countries.
"Ursula has successfully set VEON up for sustainable growth and
we are determined as co-CEOs to capture opportunities, with her
continued support as Chairman."
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services, headquartered in
Amsterdam. Our vision is to
empower customer ambitions through technology, acting as a digital
concierge to guide their choices and connect them with resources
that match their needs.
For more information visit: http://www.veon.com.
This release contains "forward-looking statements", as the
phrase is defined in Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the U.S. Securities Exchange
Act of 1934, as amended. Forward-looking statements are not
historical facts, and include statements relating to, among other
things, expectations regarding management plans and the ability to
successfully execute operating model, governance and development
plans. Forward-looking statements are inherently subject to risks
and uncertainties, many of which VEON cannot predict with accuracy
and some of which VEON might not even anticipate. The
forward-looking statements contained in this release speak only as
of the date of this release. VEON does not undertake to publicly
update, except as required by U.S. federal securities laws, any
forward-looking statement to reflect events or circumstances after
such dates or to reflect the occurrence of unanticipated events.
Furthermore, elements of this release contain, or may contain,
"inside information" as defined under the Market Abuse Regulation
(EU) No. 596/2014.
SOURCE VEON Ltd