VEON Ltd.

NasdaqCM:VEON Stock Report

Market Cap: US$2.5b

VEON Management

Management criteria checks 2/4

VEON's CEO is Muhterem Terzioglu, appointed in Jun 2021, has a tenure of 3.5 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 $1.30M. The average tenure of the management team and the board of directors is 2.8 years and 1.5 years respectively.

Key information

Muhterem Terzioglu

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage18.2%
CEO tenure3.5yrs
CEO ownership0.05%
Management average tenure2.8yrs
Board average tenure1.5yrs

Recent management updates

Recent updates

It's A Story Of Risk Vs Reward With VEON Ltd. (NASDAQ:VEON)

May 03
It's A Story Of Risk Vs Reward With VEON Ltd. (NASDAQ:VEON)

Here's Why VEON (NASDAQ:VEON) Has A Meaningful Debt Burden

Apr 15
Here's Why VEON (NASDAQ:VEON) Has A Meaningful Debt Burden

Veon notes third quarter boosting its 2022 revenue pace

Sep 16

VEON: Waiting For The Explosive Catalyst Of Peace

Aug 16

VEON's Banglalink signs tower sharing deal in Bangladesh

Aug 03

Veon management boosts ownership via share awards

Jul 11

VEON reports revenue growth 1.3% Y/Y for 5M22

Jun 29

VEON: Value So Deep Otto Lidenbrock Wouldn't Find It

Mar 15

These 4 Measures Indicate That VEON (NASDAQ:VEON) Is Using Debt Extensively

Mar 01
These 4 Measures Indicate That VEON (NASDAQ:VEON) Is Using Debt Extensively

VEON: A Reason For Optimism

Feb 09

Is VEON Ltd. (NASDAQ:VEON) Potentially Undervalued?

Dec 28
Is VEON Ltd. (NASDAQ:VEON) Potentially Undervalued?

Here's Why VEON (NASDAQ:VEON) Has A Meaningful Debt Burden

Nov 15
Here's Why VEON (NASDAQ:VEON) Has A Meaningful Debt Burden

Upbeat VEON Q3 Earnings With Catalysts Kicking In

Oct 30

Is VEON (NASDAQ:VEON) A Risky Investment?

Aug 16
Is VEON (NASDAQ:VEON) A Risky Investment?

The Catalysts For A Higher VEON Valuation

Aug 11

VEON makes AdTech acquisition in Russia

Jun 16

Buy VEON's Crown Jewels On A Discount Now And Then Be Patient

Jun 01

CEO Compensation Analysis

How has Muhterem Terzioglu's remuneration changed compared to VEON's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$598m

Jun 30 2024n/an/a

US$308m

Mar 31 2024n/an/a

US$367m

Dec 31 2023US$8mUS$1m

US$498m

Sep 30 2023n/an/a

US$673m

Jun 30 2023n/an/a

US$512m

Mar 31 2023n/an/a

US$381m

Dec 31 2022US$6mUS$1m

US$777m

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 ($USD7.85M) is about average for companies of similar size in the US market ($USD6.60M).

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)

3.5yrs

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 Chairman2.5yrsUS$626.82k0.13%
$ 3.4m
Muhterem Terzioglu
Group CEO & Director3.5yrsUS$7.85m0.051%
$ 1.3m
Joop Brakenhoff
Group Chief Financial Officer1.6yrsUS$2.78m0.0082%
$ 209.1k
Asabi Doris
Group General Counsel2.1yrsUS$1.89mno data
Aleksandr Krupnov
President9.5yrsno datano data
Dmitry Zimin
Founder & Honorary President14.6yrsno datano data
Inanc Cakiroglu
Chief Information Officerless than a yearno datano data
Faisal Ghori
Group Director of Investor Relations1.3yrsno datano data
Hande Asik
Group Director of Communications & Strategyless than a yearno datano data
Philip Sapronov
Sales Director10.8yrsno datano data
Jameel Asghar
Group Head of Peopleless than a yearno datano data
Andrey Pyatakhin
Chief Executive Officer of Beeline Uzbekistan11.5yrsno datano data

2.8yrs

Average Tenure

56yo

Average Age

Experienced Management: VEON's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Augie Fabela
Co-Founder & Independent Chairman2.5yrsUS$626.82k0.13%
$ 3.4m
Muhterem Terzioglu
Group CEO & Director1.5yrsUS$7.85m0.051%
$ 1.3m
Andrei Gusev
Non-Independent Director6.4yrsUS$602.49kno data
Duncan Perry
Independent Directorless than a yearno datano data
Michiel Soeting
Independent Non-Executive Director2.8yrsUS$655.63kno data
Michael Pompeo
Independent Directorless than a yearno datano data
Brandon Lewis
Independent Directorless than a yearno datano data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Board: VEON's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:33
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
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. 2 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