New appointments to CTC Media Board
Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment group, today announces that MTG President & CEO Jørgen Madsen Lindemann has been elected as Co-Chairman of CTC Media, Inc., and that MTG Chief Financial Officer Mathias Hermansson has re-joined the CTC Media Board as a Director. MTG non-executive Board member Lorenzo Grabau is stepping down from his role as the Co-Chairman and a Director of CTC Media.MTG has the right to designate three members of the CTC Media Board of Directors, and to designate one of these members as a Co-Chairman of the Board. The