Directorate Change
Rambler Media Limited
RAMBLER MEDIA TO APPOINT ANDREY TEREKHOV
AS CHIEF
FINANCIAL OFFICER AND OLGA PASKINA AS A NON-EXECUTIVE DIRECTOR
Rambler Media Limited (RMG.LN) (“Rambler” or the “Group”), the operator
of one of Russia’s most popular internet brands, is pleased to announce
the appointment of Andrey Terekhov as the Group’s new Chief Financial
Officer (“CFO”) with effect from September 1, 2009, and also the
appointment of Olga Paskina as a Non-Executive Director, with effect
from 1 September, 2009.
Andrey joins Rambler from Russia’s X5 Retail Group, where he most
recently held the position of CFO for the Group’s Ukrainian operations.
Prior to this, he was X5’s Director of Internal Audit, General Director
and Integration Coordinator for two retail divisions that were acquired
by the Group in the period 2006-07, where he presided over 2,000
employees and US$100 million in revenues. Prior to his time at X5, Mr.
Terekhov was Head of Internal Audit for the Russian Retail Chain,
Perekriostok, and worked in the Internal Control Department of Philip
Morris Kazakhstan.
Andrey holds a Bachelor’s degree in Economic and Information Systems
from the Kazakh State Academy of Management, and a PG Diploma in Audit
Management and Consultancy from the University of Central England in the
United Kingdom.
Olga is the Vice President of Legal and Corporate Development for
ProfMedia, the largest private diversified media holding in Russia and
Rambler’s majority shareholder. Prior to this, she was the People
Director for InBev/SUN Interbrew, the World’s largest International
Brewing Company and Legal Director for InBev Russia between 2002 and
2007. Prior to this, she was Legal Counsel at Specialized cargo
autotransport company, Ltd.
Olga has participated in the INSEAD & Wharton Executive Management
Program and also holds a Bachelor’s Degree in Economics as well as a
Bachelor’s degree in Law from Volgograd State University.
Olga Turischeva, The Group’s Chief Executive Officer
commented: “We are delighted to welcome Andrey Terekhov to Rambler Media
and Olga Paskina to our Board of Directors. Andrey’s professional
qualifications, understanding of the regional Russian markets, his M&A
experience and operating financial skills gained in both UK and Russian
accounting standards will enhance the development of Rambler’s financial
management and reporting processes. Andrey is part of a brand new team
coming to Rambler, who are tasked with ensuring the smooth execution of
the new management team’s plans and establish a new corporate culture to
take the company to the next level of its development. Olga’s background
in Legal and Corporate Development will also be very valuable to
Rambler’s Board of Directors.”
Andrey Terekhov has, or has during the last five years been, director or
partner of the following companies or partnerships:
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Existing Directorships/Partnerships Held
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Prior Directorships/Partnerships Held
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at X5 Retail Group Ukraine
Metronom AG LLP (X5 Retail Group subsidiary)
X5 Retail Group
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Olga Paskina has, or has during the last five years been, director or
partner of the following companies or partnerships:
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Existing Directorships/Partnerships Held
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Prior Directorships/Partnerships Held
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Cinema Park, LLC SP Holding, LLC
Prof Media Broadcasting Corporation, Co Ltd
Prof Media Business Solutions, Co Ltd
Telestar Broadcast Stations, Co Ltd
Afisha, Co Ltd
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Save as set out in this Announcement, there are no further disclosures
to be made in accordance with paragraph (g) of Schedule Two to the AIM
Rules.
***
For further information, please visit www.ramblermedia.com
or contact:
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Rambler Media
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Shared Value Limited
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Konstantin Vorontsov
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Nicolas Duperrier
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Marina Anisimova
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Mark Walter
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Tel. +7 495 745 3619
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Tel. +44 (0) 20 7321 5010
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info@ramblermedia.com
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rambler@sharedvalue.net
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ING Wholesale Banking
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Daniel Friedman
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Tel. +44 (0) 20 7767 1000
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***
ABOUT RAMBLER MEDIA
Rambler Media is an internet media and services group which operates or
has interests in leading Russian language internet brands including the
Russian open portal 'Rambler.ru', on-line newspaper 'Lenta.ru', product
comparison website 'Price.ru', internet catalogue and navigation system
'Top 100' and contextual advertising company 'Begun'. Rambler Media’s
shares are traded on AIM, the junior market of the London Stock Exchange
under the symbol 'RMG'.
For more information on Rambler Media, visit our corporate website at www.ramblermedia.com.
