Frenchman Becomes CEO of Bulgaria's Nova TV

Didier Stoessel is the new Chief Executive Officer of the Bulgarian-registered media company Nova TV, part of the Swedish media group MTG. Photo by Dnevnik

Bulgaria's Nova Broadcasting Group has announced Tuesday the appointment of Frenchman Didier Stoessel as its new Chief Executive Officer.

The decision is effective immediately.

Stoessel replaces Svetlana Vasileva, who will leave the company, to "undertake some new professional challenges," according to the Nova Broadcasting Group's statement.

Since 2009, Stoessel is a Vice-Chairman of the Board of Directors of Nova TV. He was Chairman of the Board of Directors of Balkan Media Group between 2007 and 2009. Stoessel has a Master's Degree from INSEAD and has specialized in Management of EU Institutions at the Paris ENA University.

Before arriving in Bulgaria in 2005, he had worked in London, and held several different posts, including CEO of Investment Banking of HSBC Bank.

Anders Nilsson, Executive Vice President of the Central European Broadcasting at Modern Times Group MTG AB and Chair of the Board of Directors of Nova TV welcomed Stoessel at the post, saying he had demonstrated strong leadership and management skills in his work for MTG.

He stressed the appointment confirmed MTG's firm commitment to continue the advancement of Nova TV in Bulgaria and thanked Vasileva for her work and the achieved results and wished her luck in her future endeavors.

Vasileva's "new professional challenges" remain unknown.

The Bulgarian-registered media company Nova TV, the trade name under which Nova Broadcasting Group operates, became part of the Swedish media group MTG in 2008 when it was purchased for EUR 620 M.

Nova was launched in Bulgaria in 1994. Nova Broadcasting Group further includes the Diema, Diema Family, Kino Nova, and Nova Sport channels.

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