AMSTERDAM, June 1, 2020 /PRNewswire/ -- VEON Ltd.
(NASDAQ: VEON), (Euronext Amsterdam: VEON), a leading global
provider of connectivity and internet services, announces the
results of the elections conducted at its Annual General Meeting of
Shareholders held earlier today.
Shareholders elected five new members to the Company's Board of
Directors, Hans Holger Albrecht,
Mariano De Beer, Peter Derby, Amos
Genish and Stephen Pusey, as
well as seven previously serving directors: Osama Bedier, Mikhail M.
Fridman, Gennady Gazin,
Andrei Gusev, Gunnar Holt, Robert Jan
van de Kraats and Alexander
Following the election of the directors, Gennady Gazin was appointed as Chairman of
VEON's Board of Directors, effective today, 1 June 2020.
The Board would like to give special thanks to Ursula Burns for leading the Company through a
key phase of its transformation as well as Guillaume Bacuvier, Sir
Julian Horn-Smith and Guy Laurence for their service in the Board.
Commenting on his appointment, Gennady said: "I am delighted to
join VEON as Chairman of the Board, as the Company executes on its
strategy to empower customer ambitions. I would like to welcome the
new Board members, each bringing complementary skills and
experience, further positioning VEON to strengthen its core
connectivity business while expanding into new areas such as
digital financial services."
Ursula Burns, outgoing Chairman
of the Board said: "The past three years with VEON has been an
extraordinary experience and I am pleased with what we have been
able to accomplish. The Company is well positioned with a
strong executive team leading our strategy and operations. As I
look ahead to a new decade for VEON, I see a wealth of
opportunities and a company that is better equipped than ever to
serve the diversity of its stakeholders."
Shareholders also approved the reappointment of
PricewaterhouseCoopers Accountants NV as the Company's independent
Holders of approximately 99.15% of the Company's shares were
represented at the Annual General Meeting.
Information on the New Directors
HANS HOLGER ALBRECHT currently serves as Chief Executive
Officer of Deezer. He was born in Germany and studied law, earning a Ph.D. at
the University of Bochum, before undertaking a variety of
management roles in the media, technology and telecommunications
industries including as Chief Executive of Millicom International
Cellular S.A. (from 2012 to 2015) and Modern Times Group MTG AB
(from 1998 to 2012).
MARIANO DE BEER was until 2019
Chief Commercial Digital Officer of Telefónica SA and a member of
the Telefónica Group Executive Committee. He previously held senior
positions mainly at Telefonica and Microsoft in Latin America. De Beer started his career at
McKinsey & Co as a consultant. He graduated from UADE
(Universidad Argentina de la Empresa), and holds an MBA from
PETER DERBY is founding partner of Concinnity Advisors
LP. After growing up in the United States, he graduated with a Bachelor's
degree from New York University in 1983
and then spent over a decade working in Russia. His career in banking and finance has
included roles at National Westminster Bank USA and Chase Manhattan Bank. In 1990,
he established one of the first private banks in Russia, DialogBank, and in 1991 the first
investment bank in Russia, Troika
Dialog. From 2003 to 2005 he served as the Managing Executive
for Operations and Management, Office of the Chairman of the United
States Securities and Exchange Commission.
AMOS GENISH is the Senior Partner and Head of Digital
Retail at BTG Pactual prior to which he held a number of senior
positions in the telecommunications, media and technology
industries, including as Chief Executive Officer of Telecom Italia
and Telefonica Brasil. He started his career at KPMG in
Israel in 1986 after graduating
from the Tel Aviv University with a
Bachelor's degree in Accounting and Economics.
STEPHEN PUSEY is a Senior Advisor at Bridge Growth Partners
prior to which he was the Group Chief Technology Officer at
Vodafone from 2006 to 2015. He started his career at British
Telecom in 1977 and held a variety of senior positions at Nortel
Networks from 1982 to 2006, including as President for Europe from 2005.
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information
This press 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 date 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