VEON Ltd. (VEON) Announces Sergi Herrero Stepping Down as co-CEO

VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today announced changes to its leadership structure. Co-Chief Executive Officer Sergi Herrero, who joined the company in September 2019, will be stepping down as co-CEO effective June 30, 2021. Sergi is expected to continue advising the company, in particular with respect to the VEON Ventures businesses which focus on generating value in high growth areas.

Sergi commented: "It has been a pleasure working as co-CEO of the company, with the support of the Board, particularly in developing new growth areas for the business. I look forward to remaining actively engaged with VEON as it continues to build value in Pakistan, Bangladesh, Russia, Ukraine and elsewhere."

Kaan Terzioglu will continue in his role as CEO of VEON Ltd. with overall responsibility for corporate matters and the general operations of the group.

Chairman of the Board, Gennady Gazin commented: "Sergi has done an excellent job developing our ventures business and the team leading it. VEON remains fully committed to building new digital businesses. Our markets of operation present tremendous opportunities in areas such as mobile financial services and digital content and capitalizing on this is a top priority for VEON."

ABOUT VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information visit www.veon.com.

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