VEON Appoints New General Counsel for Future Growth
In an exciting development for the digital operator, VEON Ltd. (Nasdaq: VEON) has announced the appointment of Sebastian Rice as General Counsel, starting January 1, 2026. This strategic move comes as the company continues to evolve and expand its presence in the dynamic digital landscape.
Catalyst for Change: Vitaly Shmakov's New Role
As part of this transition, Vitaly Shmakov, previously serving as Acting General Counsel, will now take on the newly established position of Chief Investment Officer. In this pivotal role, he will oversee the Group's mergers and acquisitions, steering VEON’s growth through strategic investments.
Expanding Leadership Responsibilities
Anand Ramachandran, the current Chief Corporate Development Officer, will also see an expansion of his responsibilities. He will maintain his position while also enhancing his focus on investor relations and value creation, both effective from the beginning of 2026.
Meet Sebastian Rice: A New Addition to the Team
With an impressive track record, Sebastian Rice comes to VEON from Akin Gump Strauss Hauer & Feld LLP, where he honed his skills over a remarkable 24-year career. His extensive experience includes leadership positions in the firm's London and Geneva offices and a significant role as Co-Head of the Corporate Practice.
Rice's Vision for VEON
Sharing his enthusiasm about the new role, Sebastian remarked on his excitement to join VEON's headquarters in Dubai. He remarked, "I am excited to take on the role of General Counsel at VEON Group, an organization I hold in the highest regard, having worked closely with the team for many years." His eagerness to contribute to VEON’s growth underscores his commitment to steering the company through its digital transformation.
Leadership Outlook: VEON's Future
VEON Group CEO Kaan Terzioglu expressed confidence in Sebastian’s appointment, stating, “We look forward to welcoming Sebastian to the VEON Leadership Team starting January 1, 2026.” He further emphasized the importance of Sebastian’s expertise, especially as VEON continues its transformation in the digital space within emerging markets.
About VEON: A Digital Pioneer
VEON is not just a telecom operator; it is a digital pioneer serving over 150 million connectivity customers and nearly 120 million monthly active digital users. The company operates across five countries, impacting the lives of millions through innovative, technology-driven services that foster economic growth.
Transformative Goals Ahead
Headquartered in Dubai and traded on Nasdaq, VEON is at the forefront of digital innovation. As they continue to expand their services, the focus remains on transforming lives through accessible technology. The recent leadership changes are part of a broader strategy to enhance their operational efficacy and investor engagement, crucial steps as they navigate the complexities of global markets.
Frequently Asked Questions
1. Who is the new General Counsel of VEON?
The new General Counsel of VEON is Sebastian Rice, effective January 1, 2026.
2. What role will Vitaly Shmakov take on?
Vitaly Shmakov will assume the position of Chief Investment Officer at VEON, focusing on mergers and acquisitions.
3. What changes will Anand Ramachandran experience in his role?
Anand Ramachandran will continue his role as Chief Corporate Development Officer while expanding his responsibilities in investor relations and value creation.
4. Where does VEON operate?
VEON operates in five countries, serving over 150 million customers globally.
5. What is VEON's mission?
VEON’s mission is to transform lives through innovative technology and services that foster economic growth.
