Following her nomination to the board over a month ago, Ursula Burns – the former Xerox CEO – has today been elected to chair the Supervisory Board of VEON, a global provider of telecoms and digital services headquartered in Amsterdam and a subsidiary in Algeria.
During the election, the board also approved the appointment of an additional director Guy Laurence who was nominated by Ms Burns in mid June.
(TOP: Ursula Burns, the incoming chair of VEON Supervisory Board).
Following the election of the directors, the Supervisory Board appointed Ursula Burns, the former Xerox head, to become Chairman of VEON’s Supervisory Board effective today. Alexey Reznikovich, the outgoing Chairman, will continue to serve as a member of the Supervisory Board. With the election of Ursula Burns and Guy Laurence, the Supervisory Board will increase from nine to eleven members, including the reelected nine outgoing members.
Commenting on her appointment, Burns said: “I am delighted to be joining VEON as it executes on its strategy to reinvent the idea of what a telecoms company can be. This is a familiar challenge for me: I spent much of my career at Xerox transforming a previously highly successful but traditional business to meet the challenges of today’s digital world. I am also looking forward to working with the board to continue to reinforce VEON’s corporate governance and culture of compliance, and in guiding our management team to deliver the financial performance that will create long-term value for our shareholders.”
Alexey Reznikovich, outgoing Chairman of the Supervisory Board, said: “Over the past two and a half years VEON has embarked on a transformational journey driven by our Global Leadership team. Today’s appointments represent another key milestone in this journey and we will look to continue to increase the independence of the Supervisory Board, ensuring it is aligned with global corporate governance best practice. Ursula Burns is a highly-experienced businesswoman, with a proven track record in leading successful corporate transformations throughout her business career. I am delighted that she has become the new Chairman of the Supervisory Board. Guy Laurence is also an established global telecom executive having successful periods working at Rogers and Vodafone. I look forward to working with both Ursula and Guy over the coming years.”
“Ursula Burns, a US citizen, brings extensive international experience to the role having served as Chairman and Chief Executive Officer of Xerox Corporation (2009 – 2016). During her tenure as CEO, she helped the company transform from a global leader in document technology to the world’s most diversified business services company serving enterprises and governments of all sizes. Most recently in 2016, she led Xerox through a successful separation into two independent, publicly traded companies. Ursula also regularly appears on Fortune’s and Forbes’ list of the world’s most powerful women, and is a board director of American Express, Exxon Mobil, Nestlé and Datto. US President Barack Obama appointed Ursula to help lead the White House national program on Science, Technology, Engineering and Math (STEM) from 2009-2016, and she served as chair of the President’s Export Council from 2015-2016 after service as vice chair from 2010-2015,” VEON noted in a statement.
On the other hand, Guy Laurence brings more than 30 years of global experience in telecommunications, media and pay television. He was previously CEO at Rogers, a CDN$14 billion telecoms and media group in Canada, and prior to that he worked at Vodafone for thirteen years holding several senior positions including CEO of Vodafone UK, operating in one of the most competitive and mature communications markets in the world, and CEO of Vodafone Netherlands.