Sanoma Magazines International, part of the SanomaWSOY Group, has appointed Elena Myasnikova as Chief Executive Officer of Independent Media Sanoma Magazines as of 1 January 2008.

Independent Media Russia was acquired by Sanoma Magazines International in 2005. Derk Sauer, the founder and current CEO of Independent Media, will be appointed as Chairman of the Supervisory Board of Independent Media Sanoma Magazines as of 1 January 2008. In addition, he will assist the new CEO, Elena Myasnikova, in her duties and continue to temporarily manage some of the daily operations. Derk Sauer signed a 3-year contract and will devote four days a week to Independent Media Sanoma Magazines.

Elena Myasnikova started her career at Independent Media in 1992. Before her new appointment, she was responsible for the launch and success of such flagship titles as Cosmopolitan, Domashni Ochak and Men's Health, first as Editor-in-Chief and later as publisher of the Cosmo group.

Koos Guis, CEO of Sanoma Magazines International comments: "We are very happy to welcome Elena as the new CEO. Elena has an incredible track record. We have every confidence that Elena and the rest of our highly talented management team can take Independent Media further on her successful road. Also we are very pleased that Derk will continue to play and important role."

'This is a great challenge and a great responsibility," says Elena Myasnikova. "I'll do my best to keep the spirit and the key values of Independent Media Sanoma Magazines which I share and admire so much."

Independent Media Sanoma Magazines is part of Sanoma Magazines, the magazine division of the SanomaWSOY Group. Sanoma Magazines International is responsible for Sanoma Magazines' activities in Central, Eastern and South East Europe.