VEON appoints Aamir Ibrahim and Evgeniy Nastradin to its Group Executive Committee to enhance strategic alignment and digital growth.
Quiver AI Summary
VEON Ltd. has announced the appointments of Aamir Ibrahim, CEO of Jazz, and Evgeniy Nastradin, CEO of Beeline Kazakhstan, to its Group Executive Committee (GEC) effective January 1, 2025. These additions aim to enhance VEON's strategic alignment with its markets and support its ambitious growth plans in digital services. Aamir will focus on financial services in Pakistan, while Evgeniy will aid in evolving technology companies within the group. VEON's CEO, Kaan Terzioglu, expressed excitement over these appointments, highlighting their potential to contribute significantly to the group's objectives. VEON serves nearly 160 million customers across six countries and is committed to transforming lives through technology.
Potential Positives
- The appointments of Aamir Ibrahim and Evgeniy Nastradin to the Group Executive Committee enhance VEON's strategic alignment to its markets.
- These new roles will enable the executives to contribute directly to VEON's ambitious digital services-driven growth plans.
- The inclusion of leaders with successful track records in their respective regions highlights the potential for significant investor value from VEON's core digital services and capabilities.
Potential Negatives
- The appointment of Aamir Ibrahim and Evgeniy Nastradin to the Group Executive Committee, while indicating a push for strategic alignment, may suggest that the company is facing challenges in executing its growth plans effectively with existing leadership.
- The use of “forward-looking statements” in the press release highlights the inherent risks and uncertainties associated with the company's corporate strategy, which may raise concerns for investors regarding the reliability of future projections.
- The need to strengthen GEC with additional country CEOs could imply a lack of confidence in the current leadership structure or effectiveness of the existing executive team in driving the company’s ambitious growth agenda.
FAQ
Who has been appointed to VEON's Group Executive Committee?
Aamir Ibrahim and Evgeniy Nastradin have been appointed to VEON's Group Executive Committee effective January 1, 2025.
What are the roles of Aamir Ibrahim and Evgeniy Nastradin in VEON?
Aamir Ibrahim is the CEO of Jazz and Chair of Mobilink Bank; Evgeniy Nastradin is the CEO of Beeline Kazakhstan.
How will the new GEC members contribute to VEON's growth plans?
The new members will enhance strategic alignment and support digital services-driven growth initiatives within the Group.
What is VEON's focus as a digital operator?
VEON focuses on providing converged connectivity and digital services to nearly 160 million customers across six countries.
Where can I find more information about VEON?
For more information about VEON, visit their official website at www.veon.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 22 institutional investors add shares of $VEON stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LINGOTTO INVESTMENT MANAGEMENT LLP added 193,142 shares (+3.6%) to their portfolio in Q3 2024, for an estimated $5,875,379
- HELIKON INVESTMENTS LTD added 49,680 shares (+1.8%) to their portfolio in Q3 2024, for an estimated $1,511,265
- SAMSON ROCK CAPITAL LLP added 30,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $912,600
- CITIGROUP INC added 29,350 shares (+13.4%) to their portfolio in Q3 2024, for an estimated $892,827
- CITADEL ADVISORS LLC added 22,213 shares (+58.4%) to their portfolio in Q3 2024, for an estimated $675,719
- TWO SIGMA INVESTMENTS, LP added 17,157 shares (+85.6%) to their portfolio in Q3 2024, for an estimated $521,915
- DIAMETRIC CAPITAL, LP added 12,758 shares (+inf%) to their portfolio in Q3 2024, for an estimated $388,098
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Dubai, 16 January 2025:
VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the appointments of two of its operating company CEOs to its Group Executive Committee (“GEC”).
Aamir Ibrahim, CEO of Jazz and the Chair of Mobilink Bank in Pakistan, and Evgeniy Nastradin, CEO of Beeline Kazakhstan, have joined the GEC effective 1 January 2025, in addition to their country CEO responsibilities.
These appointments to the GEC will further strengthen VEON’s strategic alignment to its markets. They will enable Aamir and Evgeniy to further contribute to the Group’s ambitious digital services-driven growth plans while also highlighting the investor value potential of VEON’s key digital services and capabilities.
Commenting on the appointments, VEON Group CEO Kaan Terzioglu said: “I’m delighted to welcome Aamir and Evgeniy to the GEC. Aamir, who has transformed our financial services in Pakistan into a game-changer for the country, will bring in the experience of our Pakistan operations as the Group sponsor our financial services businesses. Evgeniy, who led the creation and expansion of QazCode into a leading digital enterprise solutions provider in Kazakhstan, will also be the Group sponsor supporting the evolution of our technology companies into market-transforming players. I look forward to working with them both in their new roles as VEON delivers on its ambitious growth agenda for all of its stakeholders.”
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. VEON is listed on NASDAQ. For more information visit:
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 corporate strategy. 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
Hande Asik
Group Director of Communications
pr@veon.com
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
