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VEON appoints Andrey Pyatakhin as the incoming CEO of Beeline Uzbekistan

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VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has announced a leadership change at Beeline Uzbekistan. Andrey Pyatakhin has been appointed as the incoming CEO, replacing Andrzej Malinowski, who will step down by the end of November 2024. Pyatakhin, a 20-year veteran of VEON Group, has previously served as CEO of Beeline operations in Georgia, Armenia, and Kyrgyzstan.

Under Malinowski's leadership since March 2021, Beeline Uzbekistan has undergone a significant transformation, achieving 12 consecutive quarters of double-digit local currency revenue growth. The company has expanded its 4G network and developed a portfolio of digital services including fintech, entertainment, and adtech. Beeline Uzbekistan also became the first tech company in Central Asia to receive Top Employer certification.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha annunciato un cambiamento di leadership in Beeline Uzbekistan. Andrey Pyatakhin è stato nominato nuovo CEO, sostituendo Andrzej Malinowski, che si dimetterà entro la fine di novembre 2024. Pyatakhin, con 20 anni di esperienza nel gruppo VEON, ha precedentemente ricoperto il ruolo di CEO delle operazioni di Beeline in Georgia, Armenia e Kirghizistan.

Sotto la guida di Malinowski, iniziata a marzo 2021, Beeline Uzbekistan ha subito una trasformazione significativa, raggiungendo 12 trimestri consecutivi di crescita a doppia cifra in termini di ricavi in valuta locale. L'azienda ha ampliato la sua rete 4G e sviluppato un portafoglio di servizi digitali tra cui fintech, intrattenimento e adtech. Beeline Uzbekistan è inoltre diventata la prima azienda tecnologica in Asia Centrale a ricevere la certificazione Top Employer.

VEON (Nasdaq: VEON, Euronext Ámsterdam: VEON) ha anunciado un cambio de liderazgo en Beeline Uzbekistan. Andrey Pyatakhin ha sido nombrado nuevo CEO, reemplazando a Andrzej Malinowski, quien dejará su cargo a finales de noviembre de 2024. Pyatakhin, un veterano de 20 años en el grupo VEON, ha sido anteriormente CEO de las operaciones de Beeline en Georgia, Armenia y Kirguistán.

Bajo el liderazgo de Malinowski desde marzo de 2021, Beeline Uzbekistan ha experimentado una transformación significativa, alcanzando 12 trimestres consecutivos de crecimiento de ingresos en moneda local de dos dígitos. La compañía ha ampliado su red 4G y desarrollado un portafolio de servicios digitales que incluye fintech, entretenimiento y adtech. Beeline Uzbekistan también se convirtió en la primera empresa de tecnología en Asia Central en recibir la certificación Top Employer.

VEON (Nasdaq: VEON, Euronext 암스테르담: VEON)는 Beeline 우즈베키스탄에서 리더십 변화를 발표했습니다. 안드레이 피야타킨이 새 CEO로 임명되며, 안드제이 말리노프스키가 2024년 11월 말까지 사임합니다. 피야타킨은 VEON 그룹에서 20년의 경력을 가지고 있으며, 이전에 조지아, 아르메니아, 키르기스스탄에서 Beeline 운영의 CEO로 재직했습니다.

말리노프스키의 지도 아래, 2021년 3월부터 Beeline 우즈베키스탄은 12개 분기 연속으로 2자리 수의 현지 통화 매출 성장을 달성하며 상당한 변화를 겪었습니다. 이 회사는 4G 네트워크를 확장하고 핀테크, 엔터테인먼트, 광고 기술을 포함한 디지털 서비스 포트폴리오를 개발했습니다. Beeline 우즈베키스탄은 또한 중앙 아시아에서 Top Employer 인증을 받은 최초의 기술 회사가 되었습니다.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) a annoncé un changement de direction pour Beeline Uzbekistan. Andrey Pyatakhin a été nommé nouveau PDG, remplaçant Andrzej Malinowski, qui démissionnera d'ici fin novembre 2024. Pyatakhin, vétéran de 20 ans du groupe VEON, a précédemment été PDG des opérations de Beeline en Géorgie, en Arménie et au Kirghizistan.

Sous la direction de Malinowski depuis mars 2021, Beeline Uzbekistan a subi une transformation significative, réalisant 12 trimestres consécutifs de croissance à deux chiffres du chiffre d'affaires en monnaie locale. L'entreprise a élargi son réseau 4G et développé un portefeuille de services numériques incluant la fintech, le divertissement et l'adtech. Beeline Uzbekistan est également devenue la première entreprise technologique d'Asie centrale à recevoir la certification Top Employer.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) hat eine Führungsänderung bei Beeline Usbekistan bekannt gegeben. Andrey Pyatakhin wurde zum neuen CEO ernannt und ersetzt Andrzej Malinowski, der bis Ende November 2024 zurücktritt. Pyatakhin, ein 20-jähriger Veteran der VEON-Gruppe, war zuvor CEO der Beeline-Operationen in Georgien, Armenien und Kirgisistan.

Unter Malinowskis Führung seit März 2021 hat Beeline Usbekistan eine bedeutende Transformation durchlaufen und 12 aufeinanderfolgende Quartale mit zweistelligem Umsatzwachstum in lokaler Währung erzielt. Das Unternehmen hat sein 4G-Netzwerk erweitert und ein Portfolio digitaler Dienstleistungen entwickelt, die Fintech, Unterhaltung und Adtech umfassen. Beeline Usbekistan wurde auch das erste Technologieunternehmen in Zentralasien, das die Top Employer-Zertifizierung erhielt.

Positive
  • Appointment of experienced internal candidate as new CEO
  • 12 consecutive quarters of double-digit local currency revenue growth
  • Expansion and upgrade of 4G network
  • Development of diverse digital services portfolio
  • First tech company in Central Asia to receive Top Employer certification
Negative
  • Departure of successful CEO Andrzej Malinowski

Amsterdam and Tashkent, 14 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, announces that Andrey Pyatakhin has been appointed as the incoming CEO of Beeline Uzbekistan following a decision by current Beeline Uzbekistan CEO Andrzej Malinowski to step down by the end of November 2024.

The incoming CEO of Beeline Uzbekistan, Andrey Pyatakhin, joined VEON Group in 2001. In his more than 20 years with VEON Group, Andrey has served in various capacities, including as the CEO of Beeline Georgia, CEO of Beeline Armenia and most recently as the CEO of Beeline Kyrgyzstan. Andrey completed the Advanced Management program at Harvard Business School.

Andrzej Malinowski has been at the helm of Beeline Uzbekistan since March 2021, leading the company’s turnaround and transformation into a fast-growing digital operator offering 4G connectivity across Uzbekistan and a portfolio of consumer and enterprise digital services. Andrzej has been with VEON Group since 2017, previously serving as the CEO of Beeline Georgia. Following fifteen years living outside of his home country of Poland, including the last seven with VEON, Andrzej is passing the mantle to Andrey to spend more time with his family. 

“I want to thank Andrzej Malinowski for the impressive results that he has delivered transforming Beeline Uzbekistan into a growth company. Under his leadership, Beeline delivered consistent double-digit local currency topline growth while expanding and upgrading the 4G network and creating a rich portfolio of digital services ranging from fintech and entertainment to adtech. I warmly welcome Andrey Pyatakhin to his new position. As a 20-year veteran with VEON Group companies, Andrey’s appointment underscores the deep bench of talent that we have within VEON Group. I am confident that he will add new momentum to Beeline Uzbekistan’s journey in line with our Digital Operator strategy,” said Kaan Terzioglu, VEON Group CEO.

Beeline Uzbekistan has advanced at an impressive pace under Andrzej’s leadership, reporting 12 consecutive quarters of double-digit local currency revenue growth. The company also recently became the first tech company in Central Asia to receive the Top Employer certification, demonstrating the digital operator’s strong corporate culture.

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. Headquartered in Amsterdam, VEON is listed on Nasdaq and Euronext. 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 strategy and divestitures. 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 

VEON  
Hande Asik
Group Director of Communications  
pr@veon.com


FAQ

Who is the new CEO of Beeline Uzbekistan (VEON)?

Andrey Pyatakhin has been appointed as the incoming CEO of Beeline Uzbekistan, a subsidiary of VEON

When will the leadership change at Beeline Uzbekistan (VEON) take effect?

The leadership change will take effect by the end of November 2024, when current CEO Andrzej Malinowski steps down.

What has been Beeline Uzbekistan's (VEON) financial performance under the outgoing CEO?

Under Andrzej Malinowski's leadership, Beeline Uzbekistan has reported 12 consecutive quarters of double-digit local currency revenue growth.

What digital services does Beeline Uzbekistan (VEON) offer?

Beeline Uzbekistan offers a portfolio of digital services including fintech, entertainment, and adtech, in addition to 4G connectivity.

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