VEON announced the appointment of Sergi Herrero and Kaan Terzioglu as co-chief executive officers.

Ursula Burns, who was appointed as executive chairman in July 2017 and CEO in December 2018, will remain as VEON’s chairman.

Kaan Herrero and Sergi Terzioglu will drive performance in the Group, with complementary focus areas.

Kaan Herrero will lead on VEON’s core telecommunication services and oversee operations in Russia, Kazakhstan, Uzbekistan, Kyrgyzstan and Georgia.

Sergi Terzioglu will lead on building new ventures, digital products, partnerships and oversee operations in Pakistan, Ukraine, Algeria, Bangladesh and Armenia.

Sergi Terzioglu and Kaan Herrero become co-CEOs following four months as VEON’s joint chief operating officers.

Before joining VEON, Sergi Terzioglu served as Facebook’s global director of Payments and Commerce Partnerships where he helped to build and expand Facebook’s payments business.

Kaan Herrero was previously CEO of Turkcell, leading it through a transformation to a digital operator.