VEON Shareholders Approve New Board, Morten Lundal Elected New Chair

30/06/2023

30 Jun 2023

VEON Shareholders Approve New Board, Morten Lundal Elected New Chair Amsterdam, 30 June 2023, 07.00 CET: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces its new Board of Directors (Board) following the Company's Annual General Meeting (AGM) that was held on 29 June 2023.

VEON shareholders approved the Board-recommended slate of seven directors, including six directors currently serving on the Board - Augie Fabela, Yaroslav Glazunov, Andrei Gusev, Karen Linehan, Morten Lundal and Michiel Soeting - and Kaan Terzio lu, the Chief Executive Officer (CEO) of the VEON Group. The Board elected Morten Lundal as the Chair in its first meeting following the AGM.

Mr. Morten Lundal has been a director of VEON Ltd. since June 2022. He has over 20 years experience as an executive in the telecoms sector with extensive experience in emerging markets, having held key positions at Telenor Group in Oslo and Vodafone Group in London as well as CEO of Maxis Bhd and Digi.Com Bhd in Malaysia.

VEON Board and Management would like to thank Gunnar Holt for his exceptional service to VEON as a director since 2015 and as the Chair since July 2022, and to the outgoing board directors Hans-Holger Albrecht, Stan Miller, Vasily Sidorov and Irene Shvakman for their contribution and service to the Company.

I am honoured to take the mantle from my predecessor Gunnar Holt as Chair of the VEON Board, says Morten Lundal. VEON is a very exciting company operating in some of the world's most vibrant markets with a distinct value generation model. With a leaner and more agile structure, our new Board looks forward to working with VEON management and teams, generating value for all our stakeholders.

We welcome the new Board as VEON powers ahead with its Digital Operator strategy, states Kaan Terzioglu, CEO and Executive Director of the VEON Group. The AGM has demonstrated the support of our shareholders to VEON's strategy, which has proven its success over the past few years despite macro challenges, carrying the Group's topline growth to nearly 20% in local currency. Our Board and Management will work together to accelerate our performance and deliver the full value creation potential that our growth model entails.

Holders of approximately 98.5% of the VEON Group shares were represented at the Annual General Meeting. Shareholders also approved the recommended changes to the Company's Bye-laws reducing the Board size and providing the Board greater flexibility regarding the structure of its Committees.

About VEON

VEON is a global digital operator that currently provides converged connectivity and online services to over 160 million customers in six dynamic markets. We are transforming people's lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 7% of the world's population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext Amsterdam.

For more information, visit: https://www.veon.com

Disclaimer

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, VEON's financial performance and governance structure. 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's year-to-date and April and May 2023 results presented in this press release are, unless otherwise stated, based on IFRS, using internal management accounts, are the responsibility of management and are subject to financial closing procedures which have not yet been completed and have not been externally audited, reviewed or verified. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the quarter or any future period.

Contact Information

VEON

Senior Communications Manager

Anna Ivanova-Galitsina

pr@veon.com

TUVA Partners

Managing Partner

Julian Tanner

Julian.tanner@tuvapartners.com

This website stores cookies on your computer. These cookies are used to improve vour website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy

We wont track your information when you visit our site. But in order to comply with your preferences, well have to use just one tiny cookie so that youre not asked to make this choice again.

AcceptDecline

LINK:	https://www.veon.com/newsroom/press-releases/veon-shareholders-approve...
	See more stories from vimpel

VEON Shareholders Approve New Board, Morten Lundal Elected New Chair

More from VimpelCom

08/05/2025

07/05/2025

02/05/2025

25/04/2025

14/04/2025

08/04/2025

31/03/2025

27/03/2025

26/03/2025

21/03/2025

20/03/2025

20/03/2025

20/03/2025

19/03/2025

18/03/2025

17/03/2025

12/03/2025

06/03/2025

05/03/2025

04/03/2025

26/02/2025

14/02/2025

12/02/2025

30/01/2025

16/01/2025

13/01/2025

09/01/2025

30/12/2024

19/12/2024

13/12/2024

12/12/2024

11/12/2024

09/12/2024

05/12/2024

03/12/2024

02/12/2024

29/11/2024

25/11/2024

21/11/2024

21/11/2024

20/11/2024

19/11/2024

15/11/2024

14/11/2024

13/11/2024

12/11/2024

11/11/2024

08/11/2024

07/11/2024

05/11/2024