Sberbank shareholders reelect Gref as CEO

The shareholders of Russia’s biggest lender Sberbank reelected German Gref as CEO of the bank for a period of four years, at an annual general meeting today.

The current contract of Gref will expire by December. Gref has been in office since 2007. Last time he was reelected in 2015.

The shareholders also abandoned the right to choose the bank’s CEO in the future, delegating the task to the supervisory board, the Prime news agency reported.