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Sberbank appoints new 1st deputy chairman

Maxim Poletaev will stand down as first deputy chairman of PAO Sberbank of Russia's executive board because of a personal desire to change his work routine, the bank said June 14.

Poletaev will serve as an adviser to Sberbank CEO Herman Gref and oversee various major projects, including the potential acquisition of a stake in financially troubled Croatian food group Agrokor dd as the result of debt settlement agreements.

Alexander Vedyakhin will join the board as first deputy chairman of the board and Anatoly Popov will join as deputy chairman, subject to Russian central bank approval. Alexander Bazarov, senior vice president and co-head of Sberbank's investment banking arm, will leave the executive board but continue to serve in his current roles.