VEON Ltd., a global digital operator that provides converged connectivity and online services, held its Annual General Meeting (AGM), during which the Company’s shareholders approved the recommended slate of seven Directors as VEON’s new Board of Directors (the Board).
the new Board
VEON welcomes former U.S. Secretary of State Michael R. Pompeo, Sir Brandon Lewis, and Duncan Perry, who will serve alongside the incumbent Directors - Augie K Fabela II, Andrei Gusev, Michiel Soeting, and VEON Group CEO Kaan Terzioglu on the Board.
Following the AGM, the new Board held its inaugural meeting and elected VEON’s Founder and Chairman - Emeritus Augie K Fabela II as the Chairman.
connectivity, digital services
"As the Founder of VEON, it is an honor to return as the Chairman of the Board. VEON serves some of the most dynamic emerging markets that are home to 520 million people, transforming lives and unlocking the potential of the countries where we operate, with our connectivity, digital services in finance, entertainment, health, and education, as well as augmented intelligence capabilities," said Augie Fabela.
Augie Fabela adds, "I look forward to serving VEON, as we continue our growth journey, powered by our pioneering spirit that drives our determination to innovate and to create value for all our stakeholders."
delivering growth
"We would like to thank all our shareholders for their continued trust in our Company, and warmly welcome the new Board of VEON, chaired by our Founder Augie Fabela," stated Kaan Terzioglu, VEON Group CEO.
Kaan Terzioglu adds, "We look forward to working with the Board as VEON’s digital operators deliver growth for all our stakeholders, meeting the surging demand in our markets for digital services and new technologies such as AI."
financial statements
The company had appointed UHY LLP for the audit of its 2023 consolidated financial statements by standards
Holders of approximately 97.9% of the VEON Ltd. shares were represented at the AGM. Shareholders ratified the appointment of PricewaterhouseCoopers Accountants N.V. for the audit of the Company’s consolidated financial statements for the year ended December 31, 2023, by International Standards on Auditing.
It was noted in the meeting that the Company had appointed UHY LLP for the audit of its 2023 consolidated financial statements by standards established by the Public Company Accounting Oversight Board of the United States.
recommended changes to the bylaws
Shareholders also approved the recommended changes to the Company’s Bylaws to correct a legacy formatting error and standardize the wording enabling the Board to convene electronic meetings of shareholders.
The Company would like to thank former Directors - Morten Lundal, Karen Linehan, and Yaroslav Glazunov for their exceptional services to VEON.