VEON Strengthens Leadership Team to Accelerate Digital Ambition

Senior executive appointments are to enhance country operations 

and VEON Group’s digital assets strategy

Tashkent, 17 March 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today announces a series of upcoming leadership appointments, strengthening organizational capabilities and positioning the company for further growth across its headquarters and market teams.

Yevgeniy Nastradin will take the helm as the Chief Executive Officer of Beeline Uzbekistan upon completion of corporate procedures, while maintaining his position within the VEON Group executive management team. Yevgeniy brings more than a decade of leadership experience within the VEON Group. Most recently, he served as Chief Executive Officer of Beeline Kazakhstan, leading the business since 2019 with a strong track record of operational excellence, growth and successful digital expansion into financial services, entertainment and digital-first brands, as well as sovereign AI capability development.

“It is an honor to lead Beeline Uzbekistan at such a pivotal stage of the company’s development. Uzbekistan is one of the region’s most dynamic digital markets, and I see significant potential for further growth. We will build on the company’s success, which is already reflected in our strong results in network modernization, customer experience, and digital infrastructure development,” said Yevgeniy Nastradin.

Andrey Pyatakhin, who has successfully led Beeline Uzbekistan since October 2024, will continue to serve Beeline Uzbekistan as the Chief Operating Officer of the company. Throughout his 25-year tenure with VEON Group, he has held various senior leadership roles, including serving as CEO of the Group's operating companies in Georgia, Armenia, and Kyrgyzstan.

"My transition to the position of Chief Operating Officer is a strategic decision that allows me not only to apply my knowledge and 25 years of experience in the telecom industry, but also to fully focus on scaling operational efficiency. The new CEO will focus on expanding the company's business presence in the dynamically developing market of Uzbekistan," says Andrey Pyatkhin. “The synergy of the best management practices of the two leading economies of Central Asia will become the basis for a new stage of intensive development of not only VEON's telecom business in Uzbekistan, but also a large system of services that the company has: from fintech to telemedicine.”

Jabbor Kayumov will be appointed appointed Chief Executive Officer of Beeline Kazakhstan. He brings nearly 20 years of international management experience in the telecommunications industry, having held senior leadership positions at leading global companies including VEON, Telia, Digicel, and Axiata Group.

Ahmet Kayhan will join VEON Group Chief Payments & Digital Assets Officer, assuming a key leadership position in VEON’s headquarters team as the Company accelerates its ambition in financial services and digital asset capabilities. Ahmet brings more than two decades of experience in building and scaling digital ecosystems, developing technology-driven financial ecosystems, and driving international expansion and complex strategic transactions. He joins VEON from DgPays Group, where he most recently led global growth as the Head of International Operations, and NEOPAY, one of the UAE’s leading payment service providers, where he served a board member.

“Strengthening our leadership team reflects our continued focus on digital innovation and expanding our services—key drivers of our growth,” said Kaan Terzioglu, Chief Executive Officer of VEON Group. “We are reinforcing and refreshing our management with proven leaders who bring deep expertise and a global perspective. I congratulate our colleagues on their appointments and look forward to working together as we accelerate our digital ambitions.” 

All appointments are to be effective 1 April 2026 subject to the completion of relevant corporate and regulatory approvals. VEON looks forward to welcoming Ahmet to the Company, and Yevgeniy, Jabbor and Andrey to their new roles with VEON.