AMSTERDAM, Oct. 28, 2019 /PRNewswire/ -- VEON
Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global
provider of connectivity and digital services, today announces the
appointment of Kaan Terzioğlu and Sergi
Herrero as joint Chief Operating Officers
of the VEON Group. Sergi joined VEON on September 1st 2019 from Facebook and
Kaan will join on November
Commenting on the appointments, Ursula Burns, VEON's
Chairman and CEO, said, "The pairing of Kaan and Sergi creates a
formidable combination for VEON with each bringing complementary
skills and experience. Together they will work to
accelerate the delivery of our strategy and reflect the
continued strengthening of our senior leadership
Kaan joins as a member of VEON's Group Executive
Committee and reports to the Chairman and CEO, Ursula Burns, and will focus on executing the
transformation of the core connectivity business. Sergi will
continue as Chief Operating Officer, focused on developing new
revenue streams and is a member of the Group Executive Committee.
As Co-COOs, Kaan and Sergi will jointly drive the growth agenda of
accelerating VEON's core connectivity business while developing new
high growth adjacent digital revenues and venture businesses.
Kjell Johnsen, the current Group Chief Operating Officer,
will step down from his position on November
1st 2019 but will continue to support the group
as an adviser.
Ursula Burns said, "I'd like to
thank Kjell for his positive impact over the past several
years, firstly as the CEO of Beeline Russia and Chairman
of Wind Italy and most recently as Group COO. I look forward to
continuing to work with Kjell in his role as an adviser
and wish him the best in his new endeavours."
Notes to editors
Kaan Terzioğlu served as Turkcell's Chief
Executive Officer from April 2015
until March 2019. While there, he led
the company's successful transformation. Before
joining Turkcell, Kaan held global managerial roles
at Cisco and Arthur Andersen, working across Europe and the United States. He
previously served on the GSMA Board, GSMA Foundation Board and the
Advisory Board of the World Economic Forum's Center for the Fourth
Before joining VEON in September this year, Sergi Herrero was Facebook's Global Director of
Payments and Commerce Partnerships, where he oversaw the launch and
growth of payment and commerce capabilities for Messenger, WhatsApp
and Instagram. He has also led the deployment of Charitable Giving,
the scaling and optimisation of the Facebook Ads payments business
and drove the expansion of the platform's global marketplace.
Before joining Facebook in 2014, he held several senior roles in
technology, banking and consulting.
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 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.
SOURCE VEON Ltd.