Veon Appoints Former Facebook Exec Sergi Herrero as COO of Veon Ventures

Veon Appoints Former Facebook Exec Sergi Herrero as COO of Veon Ventures Image Credit: Veon Group

VEON has appointed Sergi Herrero as COO of VEON Ventures effective from September 2019, reporting to the Chairman and CEO, Ursula Burns.

Sergi is currently Facebook’s Global Director of Payments and Commerce Partnerships, where he has overseen the launch and growth of payment and commerce capabilities for Messenger, WhatsApp and Instagram. He has also led the deployment of Charitable Giving, the scaling and optimization of the Facebook Ads payments business and driven the expansion of the platform’s global marketplace. Before joining Facebook in 2014, he held several senior roles in technology, banking and consulting.  

At VEON, Sergi will lead the new Ventures division and define the company’s growth plans beyond traditional connectivity, with a focus on adjacent, digital products.

Sergi holds Spanish nationality and was awarded a MSc in Telecommunications Management from Spain’s Ramon Llull University in 2012, in addition to an earlier undergraduate degree in Electrical Engineering.

Ursula Burns, Chairman and CEO, VEON
Sergi brings a wealth of experience and success from the world’s largest social network and his appointment is a sign of VEON’s intent with new revenue streams across our operating footprint.

Sergi Herrero, In-coming COO, VEON Ventures
VEON operates in some of the world’s most dynamic countries with relatively low smartphone ownership and young, growing populations who are increasingly demanding more digital services.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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