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FORBES RUSSIA: Elizaveta N. Osetinskaya becomes new editor-in-chief

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FORBES RUSSIA: Elizaveta N. Osetinskaya becomes new editor-in-chief

Johann Sattler becomes publishing director at Axel Springer Russia

Effective May 16, 2011 Elizaveta N. Osetinskaya, 34, will become new editor-in-chief of the Russian FORBES edition. She succeeds Maxim Kashulinskiy, 37, who has left FORBES RUSSIA at his own request. Elizaveta N. Osetinskaya joins the leading business magazine, published by Axel Springer Russia, from the daily newspaper Vedomosti she last worked for as editor-in-chief of the online edition (since 2010) and the print edition (2007 – 2010).

On May 1, 2011 Johann Sattler, 42, joins the Russian subsidiary of Axel Springer as publishing director. In his new function, the Austrian reports to the CEO of Axel Springer Russia, Regina von Flemming. He enters from the WAZ group, where he has been in charge of the Russian business as CEO since 2008. Prior he worked as deputy head of the office of the secretary general at the Austrian ministry of foreign affairs as well as councilor for political affairs at the Austrian embassy in Washington.

Regina von Flemming, CEO of Axel Springer Russia: "I am happy that Elizaveta Osetinskaya and Johann Sattler join FORBES RUSSIA and the Axel Springer team. Elizateva is not only a highly awarded, skilled professional journalist and editor-in-chief, but also owns top managing skills and a profound economic background with vast experience in daily print, online and magazines. I am convinced that she will lead FORBES RUSSIA to new journalistic standards and relevance together – and continue the path Maxim Kashulinsky and his team successfully established over the last years. With Johann Sattler an expert with deep knowledge of the Russian media market and excellent contacts joins Axel Springer Russia as new publisher.”

FORBES RUSSIA is published monthly since 2004 under FORBES LLC license by Axel Springer Russia, the Russian subsidiary of Axel Springer AG . Each year the Russian edition of FORBES maintains its status as the most quoted and influential business magazine in the country. The supplement FORBES STYLE is published quarterly since 2005 and since 2009 FORBES WOMAN published for business women in Russia. FORBES RUSSIA AIR (average issue readership) is today 1,115,500 readers (TNS Russia, September 2010 – February 2011). FORBES has a circulation rate base of 100,000 in Russia. The online portal FORBES. RU was successfully launched in November 2009. More than 100,000 users every day get actual information on business, finance, career and life style. FORBES. RU was nominated “the most influential” online portal in Russia in March 2011.

Axel Springer Russia’s portfolio also includes COMPUTER BILD, OK!, GEO, GEOlenok, GEO Traveller, GALA Biographia as well as the web-sites , , , and .

media contact: Christian Garrels