VEON appoints New Group CFO Burak to Kyivstar's Supervisory Board, replacing former CFO Brakenhoff

As of June 4, Özer Burak, the newly appointed Group Chief Financial Officer of VEON, has joined the Supervisory Board of Kyivstar, Ukraine's largest telecommunications operator. Burak assumed the role of Group CFO at VEON on January 10, 2025, and now steps in to replace Joop Brakenhoff, who had served on Kyivstar's Supervisory Board since May 2023.

Kyivstar disclosed the change in a filing with the National Securities and Stock Market Commission (NSSMC) of Ukraine. Brakenhoff, who served as VEON's Group CFO until January this year, had taken the board seat previously held by Andriy Kobolev, the former CEO of Naftogaz Ukrainy.

According to the filing, Burak brings extensive experience to the position. From July 2018 to November 2022, he served as Chief Financial Officer of Noventiq International. In addition to his current role as Group CFO of VEON, he also serves on the supervisory board of KaR-Tel LLP and holds directorships across a wide network of VEON subsidiaries, including VimpelCom Amsterdam Finance B.V., VEON Ventures B.V., VEON Pakistan Holdings 2 B.V., VEON Micro Holdings B.V., VEON Luxembourg Finance S.A., as well as various VEON entities associated with fintech, content, central procurement, and adtech operations.

Burak also holds director positions at several international companies tied to VEON's global operations, including International Wireless Communications Pakistan Limited, Moga Holding Ltd, Oratel International Inc. Limited, Pakistan Mobile Communications Limited, Telecom Management Group Limited, Telecom Ventures Limited, and VC Esop N.V.

The appointment reinforces VEON's continued integration and oversight of Kyivstar through strategic leadership and financial stewardship at the highest levels.

As of March 2025, Kyivstar served approximately 22.7 million mobile subscribers and over 1.1 million home internet customers. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. It has committed to investing $1 billion in new telecom technologies between 2023 and 2027.