MOSCOW, Dec. 1, 2014 (GLOBE NEWSWIRE) -- CTC Media, Inc. (CTC Media, or the "Company") (Nasdaq:CTCM), a leading Russian independent media company, has announced the appointment of Maxim Bobin as a Chief Legal Officer.
Mr. Bobin will be responsible for the Company's legal affairs and for the coordination of the Company's potential responses to the recent amendments to the Russian law "On Mass Media," which will impose further restrictions on foreign ownership of media businesses in Russia, as well as for the Company's restructuring activities. Mr. Bobin will report directly to CTC Media CEO Yuliana Slashcheva.
Yuliana Slashcheva, CTC Media CEO: "Maxim joins our team at a key moment in our development and his experience will be invaluable in not only considering our response to the recently introduced changes to the mass media law and the Company's restructuring activities, but also in the broader ongoing development of our business."
Maxim Bobin, CTC Media Chief Legal Officer: "I am grateful for the confidence the Company has placed in me and glad to have joined the CTC Media team. The legal team works closely together in Moscow, across the regions and with our international advisors, and we will together further optimize our working processes."
Biography of Maxim Bobin
Maxim Bobin is a MGIMO graduate and has worked in the legal profession since 1994. Maxim Bobin has previously served as the Head of Legal for LUKOIL Lubricants Co, Carlo Pazolini Group, Mail.Ru, and NCH Advisors, Inc. He has also served on the Board of Directors of Volgatelekom and Sibirtelecom. Mr Bobin has a doctrorate degree in Juridical Sciences. He is the author of several publications on the legal aspects of international organizations' activities.
About CTC Media
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 and Kyrgyzstan. CTC Media also 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.
For additional information please contact our website www.ctcmedia.ru or:
CTC Media, Inc.
Head of Investor Relations
+7 495 981 0740
+7 (495) 785 63 47, ext. 4352,
+7 (985) 763 00 85
Source:CTC Media, Inc.