Russia’s Nasdaq-listed CTC Media has appointed Timur Weinstein to its board, replacing Dimitry Afanasiev, who resigned to pursue other interests.
Weinstein is one of the three members of the CTC’s board designated by Telcrest Investments, an affiliate of Bank Rossiya and one of CTC Media’s principal stockholders.
The exec founded production company WeIt Media in 2009, which joined forces with international TV production and distribution company Endemol in 2010, and is the current shareholder and chairman of the board of directors.
CTC Media co-chairman Hans-Holger Albrecht said, “We are convinced that (Weinstein’s) background and experience will contribute to the continued growth and success of the company going forward.”
CTC Media is one of Russia’s leading independent media companies, with three free-to-air TV nets in Russia, Channel 31 in Kazakhstan, a TV company in Moldova, and an international channel available on pay TV platforms in North America, Europe, North Africa, the Middle East, Central and South East Asia.