VEON Management
Management criteria checks 2/4
VEON's CEO is Muhterem Terzioglu, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is $6.26M, comprised of 22.2% salary and 77.8% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth €827.65K. The average tenure of the management team and the board of directors is 9.6 years and 2.3 years respectively.
Key information
Muhterem Terzioglu
Chief executive officer
US$6.3m
Total compensation
| CEO salary percentage | 22.2% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.05% |
| Management average tenure | 9.6yrs |
| Board average tenure | 2.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$306m |
| Sep 30 2023 | n/a | n/a | US$476m |
| Jun 30 2023 | n/a | n/a | US$512m |
| Mar 31 2023 | n/a | n/a | US$381m |
| Dec 31 2022 | US$6m | US$1m | US$580m |
| Sep 30 2022 | n/a | n/a | US$44m |
| Jun 30 2022 | n/a | n/a | -US$26m |
| Mar 31 2022 | n/a | n/a | US$70m |
| Dec 31 2021 | US$7m | US$2m | -US$7m |
| Sep 30 2021 | n/a | n/a | US$274m |
| 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$61m |
| 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$520m |
Compensation vs Market: Muhterem's total compensation ($USD6.26M) is above average for companies of similar size in the UK market ($USD2.33M).
Compensation vs Earnings: Muhterem's compensation has been consistent with company performance over the past year.
CEO
Muhterem Terzioglu (55 yo)
2.9yrs
Tenure
US$6,261,334
Compensation
Mr. Muhterem Kaan Terzioglu serves as Board chair at Private Joint Stock Company Kyivstar since November 2023. He served as the Chairman of Supervisory Board at Private Joint Stock Company Kyivstar since O...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | 2.9yrs | US$6.26m | 0.051% $ 827.7k | |
| Co-Founder | 32.3yrs | US$244.38k | 0.14% $ 2.2m | |
| Group Chief Financial Officer | less than a year | US$2.14m | 0.0083% $ 133.4k | |
| Group General Counsel | 1.5yrs | US$149.02k | no data | |
| President | 8.9yrs | no data | no data | |
| Founder & Honorary President | 14yrs | no data | no data | |
| Group Director of Accounting | no data | no data | no data | |
| Group Director of Corporate Finance | no data | no data | no data | |
| Group Director of Investor Relations | less than a year | no data | no data | |
| Chief Marketing Officer | 10.3yrs | no data | no data | |
| Sales Director | 10.3yrs | no data | no data | |
| Chief Executive Officer of Beeline Kyrgyzstan | 10.9yrs | no data | no data |
9.6yrs
Average Tenure
56yo
Average Age
Experienced Management: VEONA's management team is seasoned and experienced (9.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Director | less than a year | US$6.26m | 0.051% $ 827.7k | |
| Co-Founder | 22.3yrs | US$244.38k | 0.14% $ 2.2m | |
| Independent Chairman | 1.9yrs | US$228.62k | no data | |
| Independent Non Executive Director | 2.3yrs | US$416.43k | no data | |
| Non-Independent Director | 5.8yrs | US$876.36k | no data | |
| Non-Independent Director | 3.6yrs | US$379.71k | 0.0039% $ 63.0k | |
| Independent Non-Executive Director | 2.2yrs | US$351.24k | no data |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: VEONA's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.