VEON Ltd.

DB:35V0 Stock Report

Market Cap: €1.1b

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VEON Management

Management criteria checks 2/4

Key information

Muhterem Terzioglu

Chief executive officer

US$6.6m

Total compensation

CEO salary percentage23.8%
CEO tenure1.8yrs
CEO ownership0.05%
Management average tenure2.4yrs
Board average tenure1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Muhterem Terzioglu's remuneration changed compared to VEON's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

US$186m

Mar 31 2022n/an/a

US$203m

Dec 31 2021US$7mUS$2m

US$523m

Sep 30 2021n/an/a

US$353m

Jun 30 2021n/an/a

-US$447m

Mar 31 2021n/an/a

-US$418m

Dec 31 2020US$3mUS$2m

-US$428m

Sep 30 2020n/an/a

-US$393m

Jun 30 2020n/an/a

US$285m

Mar 31 2020n/an/a

US$234m

Dec 31 2019US$1mUS$247k

US$520m

Compensation vs Market: Muhterem's total compensation ($USD6.56M) is above average for companies of similar size in the German market ($USD1.57M).

Compensation vs Earnings: Muhterem's compensation has been consistent with company performance over the past year.

CEO

Muhterem Terzioglu (54 yo)

1.8yrs

Tenure

US$6,558,766

Compensation

Mr. Muhterem Kaan Terzioglu is the Chief Executive Officer of VEON Ltd. Since June 30, 2021. He had been the Group Co-Chief Executive Officer of VEON Ltd.since March 1, 2020 until June 30, 2021. Mr. Terzi...

Leadership Team

NamePositionTenureCompensationOwnership
Muhterem Terzioglu
Group Chief Executive Officer1.8yrsUS$6.56m0.051%
€ 588.1k
Serkan Okandan
Group Chief Financial Officer2.9yrsUS$5.71mno data
Joop Brakenhoff
Group Chief Internal Audit & Compliance Officer2.8yrsUS$1.89mno data
Michael Schulz
Group Chief People Officer1.7yrsUS$1.10mno data
Scott Dresser
Strategic Advisor1.3yrsUS$7.70mno data
Dmitry Shvets
Group Head of Portfolio & Performance Management2yrsUS$1.47mno data
Aleksandr Krupnov
President7.8yrsno datano data
Augie Fabela
Co-Founder & Chairman Emeritus31.3yrsno datano data
Dmitry Zimin
Founder & Honorary President12.9yrsno datano data
Henrich Daubner
Group Director of Accountingno datano datano data
Richard James
Group Director of Corporate Financeno datano datano data
Omiyinka Doris
Acting Group General Counselless than a yearno datano data

2.4yrs

Average Tenure

55yo

Average Age

Experienced Management: 35V0's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Augie Fabela
Co-Founder & Chairman Emeritus21.3yrsno datano data
Hans-Holger Albrecht
Independent Director2.8yrsUS$2.04m0.078%
€ 888.8k
Morten Lundal
Directorless than a yearno datano data
Stanley Miller
Directorless than a yearno datano data
Karen Linehan
Independent Non Executive Director1.3yrsno datano data
Andrei Gusev
Non-Independent Director4.8yrsUS$88.67kno data
Gunnar Holt
Independent Chairman4.8yrsUS$591.10kno data
Yaroslav Glazunov
Non-Independent Director2.5yrsUS$88.67k0.0039%
€ 44.8k
Irene Shvakman
Independent Director1.8yrsUS$263.62kno data
Vasily Sidorov
Independent Director1.8yrsUS$362.47kno data
Michiel Soeting
Independent Non-Executive Director1.1yrsno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: 35V0's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/04/01 05:55
End of Day Share Price 2023/03/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VEON Ltd. is covered by 35 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus BjerkeArctic Securities ASA
William Noel MilnerArete Research Services LLP
Jonathan DannBarclays