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VEON Management

Management criteria checks 1/4

VEON's CEO is Muhterem Terzioglu, appointed in Jun 2021, has a tenure of 3.33 years. total yearly compensation is $7.85M, comprised of 18.2% salary and 81.8% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth €1.05M. The average tenure of the management team and the board of directors is 3.3 years and 1.3 years respectively.

Key information

Muhterem Terzioglu

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage18.2%
CEO tenure3.3yrs
CEO ownership0.05%
Management average tenure3.3yrs
Board average tenure1.3yrs

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 2024n/an/a

US$308m

Mar 31 2024n/an/a

US$367m

Dec 31 2023US$8mUS$1m

US$302m

Sep 30 2023n/an/a

US$476m

Jun 30 2023n/an/a

US$512m

Mar 31 2023n/an/a

US$381m

Dec 31 2022US$6mUS$1m

US$580m

Sep 30 2022n/an/a

US$44m

Jun 30 2022n/an/a

-US$26m

Mar 31 2022n/an/a

US$70m

Dec 31 2021US$7mUS$2m

-US$7m

Sep 30 2021n/an/a

US$274m

Jun 30 2021n/an/a

-US$447m

Mar 31 2021n/an/a

-US$418m

Dec 31 2020US$3mUS$2m

US$61m

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 ($USD7.85M) is above average for companies of similar size in the UK market ($USD2.15M).

Compensation vs Earnings: Muhterem's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Muhterem Terzioglu (56 yo)

3.3yrs

Tenure

US$7,845,840

Compensation

Mr. Muhterem Kaan Terzioglu serves as Board chair at Private Joint Stock Company Kyivstar since November 2023. He has been Director at VEON Holdings B.V. He served as the Chairman of Supervisory Board at P...


Leadership Team

NamePositionTenureCompensationOwnership
Augie Fabela
Co-Founder & Independent Chairman2.3yrsUS$626.82k0.13%
€ 2.8m
Muhterem Terzioglu
Group CEO & Director3.3yrsUS$7.85m0.051%
€ 1.0m
Joop Brakenhoff
Group Chief Financial Officer1.4yrsUS$2.78m0.0082%
€ 168.5k
Asabi Doris
Group General Counsel1.9yrsUS$1.89mno data
Aleksandr Krupnov
President9.3yrsno datano data
Dmitry Zimin
Founder & Honorary President14.4yrsno datano data
Henrich Daubner
Group Director of Accountingno datano datano data
Inanc Cakiroglu
Chief Information Officerless than a yearno datano data
Faisal Ghori
Group Director of Investor Relations1.2yrsno datano data
Hande Asik
Group Director of Communications & Strategyless than a yearno datano data
Anna Ryzhikova
Chief Marketing Officer10.8yrsno datano data
Philip Sapronov
Sales Director10.7yrsno datano data

3.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 0RO7's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Augie Fabela
Co-Founder & Independent Chairman2.3yrsUS$626.82k0.13%
€ 2.8m
Muhterem Terzioglu
Group CEO & Director1.3yrsUS$7.85m0.051%
€ 1.0m
Andrei Gusev
Non-Independent Director6.3yrsUS$602.49kno data
Duncan Perry
Independent Directorless than a yearno datano data
Michiel Soeting
Independent Non-Executive Director2.6yrsUS$655.63kno data
Michael Pompeo
Independent Directorless than a yearno datano data
Brandon Lewis
Independent Directorless than a yearno datano data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Board: 0RO7's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/25 15:55
End of Day Share Price 2024/09/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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

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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. 1 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