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CTC Media Appoints Konstantin Khachaturov As Chief Business Support Officer

Stocks in this article: CTCM

MOSCOW, Oct. 19, 2012 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has announced the appointment of Konstantin Khachaturov as the Company's Chief Business Support Officer. Konstantin Khachaturov will also be a member of the CTC Media management board.

Konstantin Khachaturov has headed a Directorate for organizational development and business support, which includes the business administration, organizational development, human resources, IT and TV technology departments.

Boris Podolsky, Chief Executive Officer of CTC Media: "The appointment of Konstantin Khachaturov is yet another step in the consolidation of the CTC Media's team. Konstantin has extensive experience working in companies of various industries; he is well known in professional circles as an effective manager and possesses all the required skills and knowledge to solve the challenges ahead."

Konstantin Khachaturov said: "It is an honor for me to join CTC Media. This is a new and interesting industry, and I am confident that I can apply my professional experience here and solve the tasks ahead of me. On the one hand, it is important to provide continuity and continue with existing projects, on the other hand, I would like to introduce my own ideas and work on initiatives that will facilitate the development of the company. One of the main goals facing me initially is refining the staff incentive system, maintaining and developing corporate culture conditions, as well as boosting project work."

Konstantin Khachaturov biography:

Konstantin Khachaturov was born in Moscow in 1971. In 1995, he graduated from the Moscow State Institute of Radio-engineering, Electronics and Automation.

From 2008 to 2012, he was vice president in charge of corporate development at SITRONICS, the largest technology company in Eastern Europe, where he worked in telecommunications solutions, information technology, system integration and consulting, as well as the development and production of microelectronics. His projects include a complete back office overhaul and centralizing a series of departments (marketing and sales, IT, accounts) etc.

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