MOSCOW, July 30, 2013 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, today announced the appointment of Yuliana Slashcheva as the Company's new Chief Executive Officer, effective August 1. Ms. Slashcheva will succeed Boris Podolsky, who has decided to leave the Company in order to pursue other interests. Angelo Codignoni, Co-Chairman of CTC Media, commented: "We are delighted to welcome Yuliana to CTC Media. Yuliana has the leadership experience, management skills and strategic vision to lead the Company to even greater success in the future." Lorenzo Grabau, Co-Chairman of CTC Media, said: "We look forward to working with Yuliana on the next stage of the Company's development, as we build on the success of our existing channels and services." Angelo Codignoni and Lorenzo Grabau further commented: "We would like to thank Boris for his considerable contribution and commitment to the Company over the past six years, first as Chief Financial Officer and then Chief Executive Officer, and wish him the very best for the future." Yuliana Slashcheva commented: "I am honored to have been selected to lead such a successful and well-positioned company with a long history and strong team. The CTC Media brand is one of the most powerful in the market, and this is an exciting time for the development of the global media and entertainment business. I am looking forward to leading and working with the dedicated and talented CTC Media team to build on the Company's success, by accelerating the development of the existing operations and identifying and exploiting new areas of growth." Boris Podolsky commented: "I have very much enjoyed my six years at CTC Media and the work we have done to transform the Company and its services during a period of great change. I would like to thank the Company and all of its employees for an amazing experience and wish CTC Media every continued success as it embarks on the next stage of its journey."