24 Jan 2019

VEON promotes Sergey Afonin to Beeline Uzbekistan CEO

Amsterdam, 24 January 2019 - VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the promotion of Sergey Afonin to CEO of Beeline Uzbekistan, effective from 1 March 2019.

Sergey joined the VEON Group in 2016 as Regional Director for Beeline Russia's southern region, where he led a successful retail strategy which resulted in growth in overall market share. Previously, Sergey was Commercial Director at a large FMCG company in Russia.

Ursula Burns, VEON’s Chairman and CEO, commented: “Sergey has a strong background across different industries, including telecommunications, and we have been impressed by his management skills and values-based leadership since joining VEON three years ago. I am confident that Sergey’s promotion will allow VEON to further strengthen our core business in Uzbekistan, including growing our digital services offering, whilst continuing to support local ethics and compliance initiatives.”

Sergey replaces Dmitriy Shukov as CEO of Beeline Uzbekistan, following his decision to step down after three years in the role. Under Dmitriy’s leadership, Beeline Uzbekistan delivered strong operating performance and the continued growth in smartphone penetration and mobile data.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information visit: 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 the operating model 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.

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