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VEON Management
Management criteria checks 2/4
VEON's CEO is Muhterem Terzioglu, appointed in Jun 2021, has a tenure of 1.58 years. total yearly compensation is $6.56M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth €481.71K. The average tenure of the management team and the board of directors is 2.1 years and 1.6 years respectively.
Key information
Muhterem Terzioglu
Chief executive officer
US$6.6m
Total compensation
CEO salary percentage
23.85%
CEO tenure
1.6yrs
CEO ownership
0.05%
Management average tenure
2.1yrs
Board average tenure
1.6yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Muhterem Terzioglu's remuneration changed compared to VEON's earnings?
Date
Total Compensation
Salary
Company Earnings
Jun 30 2022
n/a
n/a
US$186m
Mar 31 2022
n/a
n/a
US$203m
Dec 31 2021
US$7m
US$2m
US$523m
Sep 30 2021
n/a
n/a
US$353m
Jun 30 2021
n/a
n/a
-US$447m
Mar 31 2021
n/a
n/a
-US$418m
Dec 31 2020
US$3m
US$2m
-US$428m
Sep 30 2020
n/a
n/a
-US$393m
Jun 30 2020
n/a
n/a
US$285m
Mar 31 2020
n/a
n/a
US$234m
Dec 31 2019
US$1m
US$247k
US$520m
Compensation vs Market: Muhterem's total compensation ($USD6.56M) is above average for companies of similar size in the German market ($USD1.19M).
Compensation vs Earnings: Muhterem's compensation has been consistent with company performance over the past year.
CEO
Muhterem Terzioglu (54 yo)
1.6yrs
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
Name
Position
Tenure
Compensation
Ownership
Muhterem Terzioglu
Group Chief Executive Officer
1.6yrs
US$6.56m
0.051% € 481.7k
Serkan Okandan
Group Chief Financial Officer
2.7yrs
US$5.71m
no data
Joop Brakenhoff
Group Chief Internal Audit & Compliance Officer
2.5yrs
US$1.89m
no data
Michael Schulz
Group Chief People Officer
1.4yrs
US$1.10m
no data
Scott Dresser
Strategic Advisor
1.1yrs
US$7.70m
no data
Dmitry Shvets
Group Head of Portfolio & Performance Management
1.8yrs
US$1.47m
no data
Aleksandr Krupnov
President
7.6yrs
no data
no data
Augie Fabela
Co-Founder & Chairman Emeritus
31yrs
no data
no data
Dmitry Zimin
Founder & Honorary President
12.7yrs
no data
no data
Henrich Daubner
Group Director of Accounting
no data
no data
no data
Richard James
Group Director of Corporate Finance
no data
no data
no data
Omiyinka Doris
Acting Group General Counsel
less than a year
no data
no data
2.1yrs
Average Tenure
55yo
Average Age
Experienced Management: 35V1's management team is considered experienced (2.1 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Augie Fabela
Co-Founder & Chairman Emeritus
21yrs
no data
no data
Hans-Holger Albrecht
Independent Director
2.6yrs
US$2.04m
0.078% € 728.0k
Morten Lundal
Director
less than a year
no data
no data
Stanley Miller
Director
less than a year
no data
no data
Karen Linehan
Independent Non Executive Director
1yr
no data
no data
Andrei Gusev
Non-Independent Director
4.5yrs
US$88.67k
no data
Gunnar Holt
Independent Chairman
4.5yrs
US$591.10k
no data
Yaroslav Glazunov
Non-Independent Director
2.3yrs
US$88.67k
0.0039% € 36.7k
Irene Shvakman
Independent Director
1.6yrs
US$263.62k
no data
Vasily Sidorov
Independent Director
1.6yrs
US$362.47k
no data
Michiel Soeting
Independent Non-Executive Director
less than a year
no data
no data
1.6yrs
Average Tenure
57yo
Average Age
Experienced Board: 35V1's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2023/01/14 10:51
End of Day Share Price
2022/10/17 00:00
Earnings
2022/06/30
Annual Earnings
2021/12/31
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.
* 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
VEON Ltd. is covered by 24 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.