Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  VEON Ltd.    VEON


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

VEON : appoints new co-CEOs Ursula Burns to remain as Chairman

share with twitter share with LinkedIn share with facebook
02/13/2020 | 03:17pm EDT

Amsterdam, 13 February 2020- VEON Ltd. (NASDAQ and Euronext Amsterdam: 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, 2020.

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.'

About VEON

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.


VEON Ltd. published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 20:16:11 UTC

share with twitter share with LinkedIn share with facebook
Latest news on VEON LTD.
06/11VEON : announces the pricing of its RUB 20 billion 6.30 % notes issued under its..
06/11VEON : Notice of the 2020 Annual General meeting of shareholders of VEON Ltd.
06/11PJSC VIMPELCOM : Interim condensed consolidated financial statements as of 31 Ma..
06/11VEON : announces launch of a drawdown under GMTN programme and publishes a base ..
06/04VEON : Announces a New RUB 100 Billion Term Loan Agreement With Sberbank
05/07VEON : Reports Balanced 1Q20 Results And Provides Operational Update For COVID-1..
05/05VEON : JazzCash Strengthens Pakistan's Payments Ecosystem With Mastercard Partne..
05/01VEON : Announces Annual General Meeting; Ursula Burns to Step Down as Chairman
04/16VEON : establishes a US$6.5 billion global MTN programme and publishes a base of..
04/03VEON : Appoints Alexander Torbakhov as Beeline Russia CEO
More news
Financials (USD)
Sales 2020 8 116 M - -
Net income 2020 447 M - -
Net Debt 2020 8 492 M - -
P/E ratio 2020 7,07x
Yield 2020 8,82%
Capitalization 3 131 M 3 131 M -
EV / Sales 2019
EV / Sales 2020 1,43x
Nbr of Employees 46 492
Free-Float 99,6%
Duration : Period :
VEON Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VEON LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 13
Average target price 2,63 $
Last Close Price 1,79 $
Spread / Highest target 196%
Spread / Average Target 47,0%
Spread / Lowest Target 0,56%
EPS Revisions
Muhterem Kaan Terzioglu Co-Chief Executive Officer
Sergi Herrero Co-Chief Executive Officer
Gennady G. Gazin Chairman
Serkan Sabri Okandan Group Chief Financial Officer
Yogesh Sanjeev Malik Group Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
VEON LTD.-29.25%3 131
SOFTBANK CORP.-6.27%60 302
SAFARICOM PLC-7.94%10 884
TELE2 AB (PUBL)-5.34%9 515