CTC Media Board to Weigh Making CFO Acting CEO, RBC Daily Says

CTC Media Inc. (CTCM)’s board will decide tomorrow whether to approve Chief Financial Officer Boris Podolsky as acting chief executive officer, the RBC Daily newspaper reported in a digest of stories from its Dec. 15 issue, citing unidentified people familiar with the situation.

CEO Anton Kudryashov will leave the Russian television company to head mobile-phone provider VimpelCom Ltd. (VIP), RBC Daily reported on its website earlier today.

CTC Media’s press secretary, Viktoria Bakaeva, didn’t immediately reply to an e-mail seeking confirmation of the Bodolsky report. Elena Prokhorova, head of VimpelCom’s media service, didn’t return calls to her mobile and office numbers made after hours in Moscow.

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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