MOSCOW, Nov. 6, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, today announced that Alexander Pentya has joined CTC Media's Board of Directors, replacing Dmitry Lebedev, who has resigned. Mr. Pentya is one of the three members of the CTC Media Board designated by Telcrest Investments Limited, an affiliate of Bank Rossiya and one of CTC Media's principal stockholders, pursuant to a stockholders' agreement among the Company, MTG Russia and Telcrest.
Dmitry Lebedev commented: "I have been honored to serve on the Board of Directors of CTC Media. I continue to believe strongly in the potential of CTC Media, and I wish the company well."
Lorenzo Grabau, Co-Chairman of CTC Media, commented: "On behalf of the Board of Directors, we would like to thank Dmitry for his contribution to the Company and wish him the very best for the future. We are delighted to welcome Alexander Pentya to the Board. His background and experience will be a valuable contribution to the Board's work going forward."
Note to editors:
Alexander Pentya, 28, has served since 2012 as Vice President and Head of the Management Reporting and Investment Projects department at ABR Management, the corporate management company for the Bank Rossiya group. He has served as an observer to the Board of Directors of CTC Media since 2011. Mr. Pentya joined the Bank Rossiya group in 2008, holding several positions in the finance department, including head of the subsidiaries affairs department. He worked at PricewaterhouseCoopers as an auditor from 2006 to 2008. Mr. Pentya graduated from the St. Petersburg State University Faculty of Economics.
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 and a TV company in Moldova, 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.
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Source:CTC Media, Inc.