( RIA Novosti ) - Russian President Vladimir Putin accepted on Monday Prime Minister Viktor Zubkov's proposal to appoint Sberbank CEO Andrei Kazmin as head of the country's postal service.
In response to Zubkov's request to place Kazmin in charge of the service, which is desperately in need of modernization, Putin said: "I have no objections."
Kazmin has held the top position at Russia's largest state-owned bank since 1996.
The Russian Post Federal State Unitary Enterprise handles mail services throughout Russia. It has some 415,000 employees and 40,000 offices, double the number of Sberbank's offices.
Russian Post annually processes over 1.4 billion letters, 38 million parcels and more than 188 million money transfers. The service is currently headed by Igor Syrtsov.