VEON Ltd. a global digital communications operator providing converged communications and online services, today announced that former U.S. Secretary of State Mike R. Pompeo will join the Board of Directors of Kyivstar, VEON’s Ukrainian subsidiary, as an independent non-executive director. Secretary Pompeo joins as a partner of Impact Investments, a newly established US-based strategic and financial advisory and investment firm that seeks to develop long-term partnerships with leading global companies across industries and regions.
In addition, Kaan Terzioglu, CEO of VEON Group, has been appointed Chairman of the Board of Directors of Kyivstar.
These changes to the Board of Directors of Kyivstar reflect VEON’s commitment to Ukraine, its revival and reconstruction. As previously announced, VEON is investing USD 600 million in Ukraine over the next three years and is launching the Invest in Ukraine NOW program, inviting other international companies to participate in Ukraine’s rebuilding. Having committed to providing services in Ukraine, VEON exited Russia, announcing the completion of the transaction on October 9, 2023.
“VEON made a clear choice to serve Ukraine through its subsidiary Kyivstar, whose heroes kept Ukraine and Ukrainians connected during the darkest days of the war. And it continues to serve Ukraine by maintaining mobile network availability at 94%, said Kaan Terzioglu, CEO of VEON Group and Chairman of the Board of Kyivstar. – I am delighted to welcome Secretary Pompeo to the Supervisory Board of this stellar company, which has strong support from our stakeholders in the United States. We look forward to the knowledge and experience that Secretary Pompeo will bring to Kyivstar as an active and independent non-executive member of the Kyivstar Board.”
“I am proud to join VEON and Kyivstar in their extraordinary service to the people of Ukraine, providing much-needed connectivity and digital services in the areas of health, education, business development and entertainment. I also applaud Kyivstar’s parent company VEON for its leadership in investing in Ukraine, its own long-term commitment and its ‘Invest in Ukraine NOW’ initiative,” said Mike Pompeo, former U.S. Secretary of State and independent non-executive director of KyivstarIt is through private enterprise and investment that Ukraine will secure its economic future and success, and I look forward to contributing to this commendable effort.
“I am honored to welcome Mr. Pompeo as an independent non-executive director to the Board of Directors of Kyivstar, which is a strong signal of our commitment to improving the investment climate in Ukraine. This appointment underscores the key role of our parent company VEON and its unwavering commitment to progress in the Ukrainian digital landscape,” said Oleksandr Komarov, President of Kyivstar.
Secretary Pompeo is a partner in Impact Investments, a newly established U.S.-based strategic and financial advisory and investment firm that provides advisory, investment and partnership services to the world’s leading strategic companies across industries and regions. Impact will support the management of Kyivstar and its parent company, VEON, in a number of key strategic initiatives in Ukraine.
Secretary Pompeo served as the 70th Secretary of State from 2018 to 2021 and the sixth Director of the Central Intelligence Agency from 2017 to 2018. Secretary Pompeo also represented the state of Kansas in the U.S. House of Representatives from 2011 to 2017 and was CEO of Thayer Aerospace from 1996 to 2006. He is a graduate of the United States Military Academy at West Point and holds a J.D. from Harvard Law School.
