CTC Media Appoints New Chief Strategy And Digital Media Officer

MOSCOW, Jan. 31, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has announced the appointment of Yulia Mitrovich as CTC Media Chief Strategy and Digital Media Officer effective from February 1, 2013.

In her role, Yulia Mitrovich will be responsible for updating and implementing the Company's strategies in all the key development areas. Given Yulia's previous work experience, one of her main challenges will be to accelerate the development of new media and strengthen the Company's position in this market segment.

Boris Podolsky, CEO of CTC Media, commented: "We are pleased to welcome Yulia into the CTC Media management team. During her professional career, she has proved herself to be a successful manager and high-class specialist, who has managed a wide range of projects – from developing ideas for new media startups to effectively running a business. We see digital media as a strategic area, which is inextricably linked with and naturally complements our main television business, as well as offering great long-term growth potential. Therefore, Yulia's experience in this area is particularly important and valuable for us."

Yulia Mitrovich commented: "I am very grateful to the company's management for asking me to be in charge of strategy and digital media. CTC Media is one of Russia's leading media companies and it is a great honor for me to work here. I hope that my previous experience and practical knowledge will be useful for the company."

Note to editors:

Yulia Mitrovich graduated from the University of British Columbia, Canada, with a Bachelor's in Economics, Commerce and Business Administration. She has also taken the Graduate program in exponential technologies at the Singularity University Mountain View (USA), founded by futurist Ray Kurzweil, along with Google, Nokia and a number of other leading companies.

From March 2012, before joining CTC Media, she was Chief Investment Officer at Svyaznoy, where she was responsible for launching the group's various investment projects (retail, banking, e-commerce).

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