Telecom big Veon introduced on Wednesday that it has appointed ex-CIA director and former US Secretary of State Mike Pompeo to the board of administrators of its Ukrainian subsidiary Kievstar.
Pompeo is becoming a member of Kievstar as “an unbiased non-executive director,” in his capability as a accomplice of Influence Investments, described by Veon as “a newly established US-based strategic and monetary advisory and funding agency.”
Kievstar’s new board chairman will likely be Kaan Terzioglu, the CEO of the Veon Group. The appointments replicate Veon’s “dedication to Ukraine and to the restoration and reconstruction of the nation,” the corporate stated.
Terzioglu stated the corporate seems to be ahead to the “information and expertise” that Pompeo will contribute to the cellphone firm.
Pompeo has no telecommunications expertise. He was a tank commander throughout his days within the US Military, ran Thayer Aerospace from 1996 to 2006, and served as a congressman from Kansas from 2011 to 2017, earlier than operating the CIA throughout the early days of Donald Trump’s presidency. He took over the State Division in 2018.
After Joe Biden took over the White Home, Pompeo turned an outspoken advocate of Washington’s army, financial, and political help to Ukraine.
Veon began as a Russian-American three way partnership known as VimpelCom within the Nineties, earlier than increasing internationally. It was renamed in 2017 and has a headquarters in Amsterdam, the Netherlands.
As a part of the Kievstar announcement, Veon additionally confirmed it had totally exited the Russian market, finishing the sale of its Russian subsidiary final month. The transnational firm at the moment operates in Ukraine, Uzbekistan, Kazakhstan, Kyrgyzstan, Pakistan, and Bangladesh.
Veon has pledged to spend $600 million in Ukraine over the subsequent three years and has launched the ‘Put money into Ukraine NOW!’ initiative, to ask different firms to do the identical.
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