OREANDA-NEWS. November 22, 2013. CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) announces the appointment of Lilia Omasheva as CTC Media’s Chief of Operational Efficiency and Organizational Development.

The appointment takes effect starting December 2, 2013. Konstantin Khachaturov, who previously held this position, decided to leave the Company.

Lilia Omasheva will be responsible for enhancing the Company’s operational efficiency. Her main tasks will include optimizing key business processes, developing the Company’s organizational structure, overseeing purchases, improving human resource management efficiency, providing administrative support for the Company, implementing project management, and creating and carrying out development strategies in the areas of IT infrastructure and TV technologies.

Yuliana Slashcheva, CTC Media’s Chief Executive Officer: “The Company is developing quickly, we are moving towards diversifying our business, and we are exploring new sources of profit and monetization models. As we move, it is especially important for us to not only maintain the business’ high performance and profitability, but to also constantly analyze opportunities to optimize our movement. Lilia is one of the strongest operating leaders on the market and I am happy that she accepted our offer to take the position of Chief of Operational Efficiency and Organizational Development. One of Lilia’s most important tasks will be to centralize management of the Company’s key business functions.”

Lilia Omasheva: “I am happy to join this team of professionals and like-minded associates. CTC Media has demonstrated for a long time amazing indicators for operational efficiency, some of the best in the industry. The Company is dynamically developing and adapting to the new conditions in the changing world of media. I hope that my experience will help CTC Media secure its leading position in the market.”