VEON board member Kraats leaves company
MOSCOW. March 9 (Interfax) - Robert Jan van de Kraats, a member of the board of directors of the telecommunications holding VEON , has stepped down due to personal reasons, the holding said in a statement.
Robert Jan van de Kraats has been on the VEON board since 2018 as chairman of the Audit and Risk Committee.
"Mr. van de Kraats informed the Board - of which he was a member since July 2018 - that his decision to step down was due to personal reasons," the statement says.
In 2013-2019, van de Kraats served as an advisor to the Dutch Authority for the Financial Markets (AFM, the Dutch 'SEC'). From 2013 to 2018, he was a member of the Commission on Dutch Corporate Governance (commissie Van Manen).
Mikhail Fridman left VEON's board on March 1. Along with a number of other Russian businesspeople, Fridman was put on the EU sanction list. The sanctions include an entry ban and the freezing of assets.
At present, VEON's board of directors comprises former MTS CEO Vasily Sidorov, co-founder of Revo Technologies and Sorsdata Irene Shvakman, Sergi Herrero, who was VEON's co-CEO before June 2021, Deezer CEO Hans-Holger Albrecht, Managing Partner of Spencer Stuart International in Moscow Yaroslav Glazunov, RTP Global founder Leonid Boguslavsky, former general counsel at Sanofi Karen Linehan, Gunnar Holt, and Gennady Gazin.
LetterOne, part of Alfa Group of Mikhail Fridman and associates, is VEON's majority shareholder with 47.9%. A Dutch trust controls 8.3%, and the NASDAQ free float is 43.8%.