CTC Picks Kudryashov As CEO

CTC Media named Anton Kudryashov as CEO on Tuesday as it expands its television operations.

Kudryashov, 40, will start Aug. 4 and take over from Alexander Rodnyansky, who will stay on as president and join the company's board, CTC said.

"With his strong programming and creative skills, Mr. Rodnyansky was instrumental in implementing the company's strategy and successfully accomplished the goals set out for him during his tenure as CEO," it said in a statement. "Now, with the growth and diversification of its business, including several recent acquisitions, the company will face new operational and organizational challenges."

Since Rodnyansky joined CTC Media in 2002 and was appointed CEO in 2004, the company has grown from owning and operating a single flagship channel -- CTC -- into a diversified public media holding company with the Domashny and DTV channels, two production companies and media assets in Uzbekistan and Kazakhstan.

"As the company's structure has become more complex, the requirements of the CEO role have evolved and the proposed changes to the management team seem a reasonable way to address this," Renaissance Capital said in a research note to investors.

Kudryashov started his career with CS First Boston and later co-founded Renaissance Capital. He founded Afisha Publishing House in 1998 and served as CEO of NTV-Plus in 2002 and 2003.