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VEON appoints Yaroslav Glazunov as alternate director for Alexander Pertsovsky

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VEON Ltd. announced the appointment of Yaroslav Glazunov as an alternate director for Alexander Pertsovsky on its Board of Directors. Pertsovsky has served on the board since January 2018. Glazunov, a managing partner at Spencer Stuart, has over 20 years of experience in global leadership advisory, focusing on CEO succession and performance. His expertise spans Europe, India, and Russia. VEON, listed on NASDAQ and Euronext Amsterdam, is dedicated to enhancing connectivity and digital services.

Positive
  • Appointment of Yaroslav Glazunov brings fresh leadership experience.
  • Glazunov's expertise in CEO succession may enhance board effectiveness.
Negative
  • Potential continuity concerns with the change in board composition.

AMSTERDAM, Oct. 28, 2020 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, announced today the appointment of Yaroslav Glazunov to the Company's Board of Directors as an alternate director for Alexander Pertsovsky. Mr. Pertsovsky has been a member of the VEON Board since January 2018.

Mr. Glazunov joined Spencer Stuart in January 2014 and is a managing partner at Spencer Stuart International based in Moscow. Prior to joining Spencer Stuart, he was a partner at Heidrick & Struggles in Moscow. He has been in the global leadership advisory business for 20 years, focusing on CEO succession, efficiency and performance. As a partner at one of the top worldwide leadership consulting firms, he has worked extensively with corporate boards and founders of companies in Europe, India and Russia. 

He holds a master's degree in management from Plekhanov University. He previously completed a leadership program at INSEAD in Fontainebleau, France, and an executive program at Singularity University in Silicon Valley, California.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, headquartered in Amsterdam. Our vision is to empower customer ambitions through technology, acting as a digital concierge to guide their choices and connect them with resources that match their needs. 

For more information visit: http://www.veon.com.

Disclaimer

This press 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. 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 date or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain or may contain, "inside information" as defined under the Market Abuse Regulation (EU) No. 596/2014.

VEON Contacts:


 

Investor Relations                              

Nik Kershaw

ir@veon.com                                       

Tel: +31 20 79 77 200       


Cision View original content:http://www.prnewswire.com/news-releases/veon-appoints-yaroslav-glazunov-as-alternate-director-for-alexander-pertsovsky-301161211.html

SOURCE VEON Ltd

FAQ

Who was appointed as an alternate director for VEON?

Yaroslav Glazunov was appointed as an alternate director for Alexander Pertsovsky.

What is Yaroslav Glazunov's professional background?

Glazunov is a managing partner at Spencer Stuart and has 20 years of experience in leadership advisory.

What impact does the management change have on VEON?

The change could enhance board effectiveness but may raise continuity concerns.

When was Alexander Pertsovsky appointed to VEON's Board?

Alexander Pertsovsky has been on the VEON Board since January 2018.

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