Boss at Russian pay TV giant Tricolor resigns

Alexander Makarov, the CEO of Russian pay TV giant Tricolor TV, has resigned following the expiry of his two-year contract.

Tricolor TV, Europe’s largest pay TV operator by subscribers, has named regional development chief Sergey Stavropoltsy as Makarov’s successor on an interim basis.

Explaining his departure, which the company said was by mutual agreement, Makarov said he was pleased with the results he had achieved and wanted to work on new projects either in Russia or abroad after a break of some months.

Stavropoltsy will serve as acting CEO until the company’s board appoints a permanent replacement. The company will consider him alongside external candidates before taking a decision.

Makarov took the helm at Tricolor TV in 2011 and saw the company’s customer base grow by 4.6 million to over 10 million. The company has 3.1 million customers for its premium HD service.