Veon Limited

The Problem

Amsterdam HQ Telecommunication company operating in multiple markets, including some very challenging markets. The London Team provided independent advice on remuneration for senior leadership

How we helped

Supported the Compensation and Talent Committee to undertake a major overhaul of compensation philosophy resulting in a redesign of short- and long-term incentives for the Group Management Team.
Compensation is now much more performance-based, long-term, and tied to the performance of Group equity

Design Work

We worked with the Compensation Committee, the Human Resources function, Company Secretariat and external legal support to re-negotiate senior contracts

Challenges/Complex requirements

Co-CEOs – a situation which the Board felt had to be addressed
Limited ‘faith’ in LTIs
Multiple and varied contracts, some of which were uniquiely challenging from a ‘re-negotiation’ standpoint

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