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 ...