VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors
November 14 2023 - 8:20AM
VEON Welcomes Former U.S. Secretary of State Mike Pompeo to
Kyivstar Board of Directors
Amsterdam, 14 November 2023 – VEON Ltd. (NASDAQ: VEON,
Euronext Amsterdam: VEON), a global digital operator that provides
converged connectivity and online services, announces that former
U.S. Secretary of State Michael R. Pompeo will join the Board of
Directors of VEON’s wholly-owned Ukrainian subsidiary Kyivstar as
an independent non-executive director. Secretary Pompeo joins in
his capacity as a Partner of Impact Investments, a newly
established US-based strategic and financial advisory and
investment firm which seeks to develop long-term partnerships with
the world’s leading companies across a range of industries and
geographies.
In addition, VEON Group CEO Kaan Terzioglu has
been appointed as Chair of the Kyivstar Board of Directors.
These changes to Kyivstar’s Board of Directors
reflect VEON’s commitment to Ukraine and to the recovery and
reconstruction of the country. As previously announced, VEON has
committed USD 600 million in investments in Ukraine over the next
three years alongside the launch of its “Invest in Ukraine NOW!”
initiative, inviting other international companies to commit to
Ukraine’s rebuilding. With a commitment to providing services in
Ukraine, VEON has exited Russia, announcing the completion of the
sale of its Russian subsidiary on 9 October 2023.
“VEON has made the clear choice to serve Ukraine
through its wholly owned subsidiary Kyivstar, whose heroes have
kept Ukraine and Ukrainians connected through the darkest days of
war and who continue to serve Ukraine by maintaining 94% mobile
network availability,” said Kaan Terzioglu, VEON Group
CEO and Kyivstar Board Chair. “I am delighted to welcome
Secretary Pompeo to the Board of this outstanding company, that he
joins with strong support from our various US stakeholders. We look
forward to the knowledge and experience that Secretary Pompeo will
contribute to Kyivstar as an active and independent member of the
Kyivstar Board.”
“I proudly join VEON and Kyivstar in their
extraordinary service to the people of Ukraine by providing
essential connectivity and digital services in health, education,
business growth and entertainment. I also applaud Kyivstar’s parent
company VEON for its leadership in investing in Ukraine with their
own long-term commitment and their ‘Invest in Ukraine NOW!’
initiative,” said Mike Pompeo, Former U.S. Secretary of State
and Kyivstar Independent Director. “It is through private
enterprise and investments that Ukraine will secure its economic
future and success, and I look forward to contributing to this
laudable effort.”
Secretary Pompeo is a Partner of Impact
Investments, a newly established US-based strategic and financial
advisory and investment firm which is dedicated to advising,
investing in and partnering with the world’s leading strategic
companies across a range of industries and geographies.
Impact will be supporting the management of Kyivstar and its parent
company VEON in a number of key strategic initiatives
regarding Ukraine.
Secretary Pompeo served as the 70th U.S.
Secretary of State from 2018 to 2021 and the sixth Director of the
Central Intelligence Agency from 2017 to 2018. Secretary Pompeo
also represented the state of Kansas in the U.S. House of
Representatives from 2011 to 2017 and was the CEO of Thayer
Aerospace from 1996 to 2006. He graduated from the United States
Military Academy at West Point and holds a J.D. from Harvard Law
School.
About VEON VEON is a digital operator that provides
converged connectivity and digital services to nearly 160 million
customers. Operating across six countries that are home to
more than 7% of the world’s population, VEON is transforming lives
through technology-driven services that empower individuals and
drive economic growth. Headquartered in Amsterdam, VEON is
listed on NASDAQ and Euronext. 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 governance, strategy and
investment 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.
Contact Information:
VEON Hande Asik Group Director of Communication
pr@veon.com
TUVA Partners Julian Tanner Julian.tanner@tuvapartners.com
Veon (LSE:0RO7)
Historical Stock Chart
From May 2024 to Jun 2024
Veon (LSE:0RO7)
Historical Stock Chart
From Jun 2023 to Jun 2024