AMSTERDAM, June 10, 2021 /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 three new members to the Company's Board of
Directors: Vasily Sidorov, Irene
Shvakman and Sergi Herrero, who is
currently serving as co-Chief Executive Officer of VEON and will
step down in June. Shareholders also elected nine previously
serving directors: Hans-Holger
Albrecht, Leonid Boguslavsky,
Mikhail Fridman, Gennady Gazin, Yaroslav
Glazunov, Andrei Gusev,
Gunnar Holt, Stephen Pusey and Robert
Jan van de Kraats.
The Board would like to thank Osama
Bedier, Peter Derby and
Amos Genish for their service.
Shareholders approved the reappointment of
PricewaterhouseCoopers Accountants NV as the Company's independent
auditor, and the adoption of newly Amended and Restated Bye-laws of
the Company.
Holders of approximately 99.30% of the Company's shares were
represented at the Annual General Meeting.
Information on the New Directors
VASILY SIDOROV is an experienced professional who has
served for over 25 years both in top management and non-executive
directorship capacities in telecoms, digital and other industries.
His executive roles included being the President and CEO of MTS
from 2003-2006; CFO of Svyazinvest (Russia) in 1997-2000; and First VP for Finance
& Investments at Sistema-Telecom (Russia) in 2000 - 2003. He was also a key
investor and founder of a number of telecoms-related businesses and
non-executive director at a number of tech ventures. He has also
served on boards of large public and non-public corporations, such
as Russian Railways, Aeroflot and Russian Post. Throughout his
career he has built multi-functional expertise at both executive
and non-executive levels of corporate governance. He is currently a
principal venture capital, private equity and special situations
investor in Russia, Continental
Europe, the US, as well as several frontier markets.
IRENE SHVAKMAN is co-founder and Chairman of Revo Technologies
and brings more than 25 years of experience in fintech, financial
services and technology development. For the past four years, Ms.
Shvakman has served on the Board of Directors of MTS Bank PJSC.
Also, Ms. Shvakman was a Senior Partner at McKinsey & Company,
where she advised top executives at leading banks, insurers, and
regulators across emerging markets on strategy, organization, and
performance transformation. She holds an MBA degree from
Harvard Business School and a Bachelor
of Science Degree in Biochemistry from Brown
University in the United
States.
SERGI HERRERO is currently
serving as co-Chief Executive Officer of VEON until 30 June 2021. Mr. Herrero previously served as
Global Director of Payments and Commerce Partnerships at Facebook,
where he helped to build and expand Facebook's successful payments
and commerce business. Previous to that, Mr. Herrero held senior
executive positions at the financial services company Square and
the French bank BNP-Paribas. Mr. Herrero currently serves as mentor
at Endeavor, the world's leading community of high-impact
entrepreneurs. He also serves as venture advisor at THCAP, an early
stage venture capital fund, and as Senior Advisor at Ripplewood, an
American private equity firm. Mr. Herrero holds a Bachelor of
Science in Electrical Engineering and a Master of Science in
Telecommunication Management both from Ramon Llull University in
Barcelona. He also completed a
program in Angel Investing and Venture Capital at Stanford University.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information visit:
www.veon.com.
Disclaimer
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
Contact information
INVESTOR RELATIONS AND
COMMUNICATION
Nik Kershaw
ir@veon.com
+31-20-79-77-200
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SOURCE VEON Ltd