AMSTERDAM, Jan. 24, 2019 /PRNewswire/ -- VEON Ltd. (NASDAQ and Euronext Amsterdam:
VEON), a leading global provider of connectivity and internet services, announces the promotion of Sergey
Afonin to CEO of Beeline Uzbekistan, effective from 1 March 2019.
Sergey joined the VEON Group in 2016 as Regional Director for Beeline Russia's southern region, where he led a successful
retail strategy which resulted in growth in overall market share. Previously, Sergey was Commercial Director at a large FMCG
company in Russia.
Ursula Burns, VEON's Chairman and CEO, commented: "Sergey has a strong background across
different industries, including telecommunications, and we have been impressed by his management skills and values-based
leadership since joining VEON three years ago. I am confident that Sergey's promotion will allow VEON to further strengthen our
core business in Uzbekistan, including growing our digital services offering, whilst continuing
to support local ethics and compliance initiatives."
Sergey replaces Dmitriy Shukov as CEO of Beeline Uzbekistan, following his decision to step
down after three years in the role. Under Dmitriy's leadership, Beeline Uzbekistan delivered strong operating performance and the
continued growth in smartphone penetration and mobile data.
ABOUT VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information
visit: http://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 the operating model 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.
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SOURCE VEON Ltd.