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Central European Media Enterprises Appoints New Co-Chief Executive Officers

Stocks in this article: CETV

HAMILTON, Bermuda, Sept. 15, 2013 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. ("CME" or the "Company") (Nasdaq:CETV) (Prague Stock Exchange:CETV) today announced that Christoph Mainusch and Michael Del Nin have been appointed as co-Chief Executive Officers of the Company effective September 16, 2013.

Ronald Lauder, CME's founder and Chairman of its Board of Directors, said on behalf of the Board: "We are very pleased that Christoph and Michael are leading CME's executive team. Michael, who has served on CME's Board of Directors since 2009, is an insightful executive with a well-developed understanding of the media business, and Christoph brings a wealth of operating experience and has a proven track record of successfully managing broadcasters, including in our markets. We believe their skills and experience are the right fit for CME. This dynamic combination of Michael overseeing corporate matters, allowing Christoph to focus primarily on operations, demonstrates the Board's commitment to getting the right value for CME shareholders."

Christoph Mainusch said: "I am excited to join CME and look forward to this challenging task. I am very happy to team up with Michael and we will do our utmost to build on the Company's current position of audience share leadership in each of its six countries."

Michael Del Nin said: "It's a great privilege for me to have the opportunity to work alongside someone as accomplished as Christoph to lead CME. I know many of the talented people at the Company and I can't wait to join their team."

Christoph Mainusch has a total of 16 years of experience serving as Chief Executive Officer for media companies, including positions at Alpha Media Group in Greece, RTL Televizija in Croatia and ACS Media GmbH. Mr. Mainusch most recently worked as a consultant for Turner Broadcasting International advising the President on various projects. Prior to that, he was a member of the Operational Management Committee of the RTL Group.

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