VEON appoints Artashes Davtyan as CEO of Beeline Uzbekistan

Rhea-AI Summary

VEON Ltd. announced the appointment of Artashes Davtyan as CEO of Beeline Uzbekistan, effective March 15, 2021. Davtyan brings extensive leadership experience from international FMCG firms such as Gillette, PepsiCo, and Mars, most recently serving as Head of Private Label at Yandex. Co-CEO Kaan Terzioğlu expressed confidence in Davtyan's ability to enhance the customer-first approach and support sustainability initiatives in Uzbekistan, highlighting the strategic importance of this market for VEON's services.

Positive

• Artashes Davtyan's extensive experience in FMCG and digital sectors could lead to improved operational strategies.
• His leadership is expected to strengthen VEON's customer-first approach in Uzbekistan.

Negative

• Potential continuity concerns as new leadership transitions may create initial disruption.

AMSTERDAM, March 8, 2021 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the appointment of Artashes Davtyan as CEO of Beeline Uzbekistan, effective 15 March 2021.

Artashes joins Beeline Uzbekistan with a wealth of commercial and leadership experience from international FMCG companies including Gillette, PepsiCo and Mars, and most recently Yandex where he was Head of Private Label in its digital retail delivery business, Yandex.Lavka.

Kaan Terzioğlu, VEON's co-CEO, commented: "We welcome Artashes to the VEON family and are confident that his impressive track record of leading FMCG and digital businesses will be a great fit for the customer-first mindset of our Group. We look forward to his contribution to our core business in Uzbekistan and his support for our sustainability and compliance initiatives in this vibrant market for our services."

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.  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, expectations regarding management plans and the ability to successfully execute operating model, governance 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.

 

VEON Contacts

Communications & Investor Relations Nik Kershaw ir@veon.com                          Tel: +31 20 79 77 200

 

 

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SOURCE VEON Ltd

FAQ

Who is the new CEO of Beeline Uzbekistan?

Artashes Davtyan has been appointed as the new CEO of Beeline Uzbekistan.

When will Artashes Davtyan start his role as CEO?

Artashes Davtyan will assume the role of CEO effective March 15, 2021.

What experience does Artashes Davtyan bring to VEON?

Davtyan has significant leadership experience from international FMCG companies such as Gillette, PepsiCo, and Mars, and recently led operations at Yandex.

What are Kaan Terzioğlu's comments on Davtyan's appointment?

Co-CEO Kaan Terzioğlu welcomed Davtyan and expressed confidence in his ability to support VEON's customer-focused initiatives.

How might this leadership change affect VEON's operations in Uzbekistan?

The leadership change may lead to enhanced operational strategies and a stronger customer-first approach, but could also raise concerns about continuity.