MOSCOW, Nov. 18, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM) announces the appointment of Lilia Omasheva as CTC Media's Chief of Operational Efficiency and Organizational Development. The appointment takes effect starting December 2, 2013. Konstantin Khachaturov, who previously held this position, decided to leave the Company.
Lilia Omasheva will be responsible for enhancing the Company's operational efficiency. Her main tasks will include optimizing key business processes, developing the Company's organizational structure, overseeing purchases, improving human resource management efficiency, providing administrative support for the Company, implementing project management, and creating and carrying out development strategies in the areas of IT infrastructure and TV technologies.
Yuliana Slashcheva, CTC Media's Chief Executive Officer: "The Company is developing quickly, we are moving towards diversifying our business, and we are exploring new sources of profit and monetization models. As we move, it is especially important for us to not only maintain the business' high performance and profitability, but to also constantly analyze opportunities to optimize our movement. Lilia is one of the strongest operating leaders on the market and I am happy that she accepted our offer to take the position of Chief of Operational Efficiency and Organizational Development. One of Lilia's most important tasks will be to centralize management of the Company's key business functions."
Lilia Omasheva: "I am happy to join this team of professionals and like-minded associates. CTC Media has demonstrated for a long time amazing indicators for operational efficiency, some of the best in the industry. The Company is dynamically developing and adapting to the new conditions in the changing world of media. I hope that my experience will help CTC Media secure its leading position in the market."
Notes to editor:
Lilia Omasheva held the position of Executive Director of the United Company Afisha-Rambler-SUP from May to November 2013; Executive Director of Rambler Internet Holding, LLC; and Sup Media, CJSC. Starting in Fall of 2007, she held the position of Executive Director for Sup Media, as well as Gazeta.ru and +Sol, LLC, which form part of the company. Before that, she worked five years in the advertising industry as Financial Director and then Executive Director of BBDO Group Russia. Before joining advertising, she held a series of key positions at Coca-Cola Russia. Lilia Omasheva graduated from the Financial Academy under the Government of the Russian Federation.
About CTC Media, Inc.
CTC Media is a leading Russian independent media company, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and PERETZ – as well as Channel 31 in Kazakhstan, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. PERETZ is also available in Belarus. CTC Media has a number of digital entertainment media assets: videomore.ru, domashniy.ru, ctc.ru, peretz.ru. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "CTCM". For more information on CTC Media, please visit www.ctcmedia.ru.