MOSCOW, November 7. /TASS/. The Supervisory Board of Sberbank has re-elected Herman Gref to another four-year term as the top Russian banking group’s CEO, as the veteran banking executive personally announced at a post-board meeting press conference.

"Today the president [and] chairman of the bank’s board of directors has been re-elected for a four-year term," Gref said, referring to himself in the third person.

This marks his fifth re-election to the post of head of Sberbank. Gref was last re-elected to the position of chairman of the board of Sberbank in 2019.

Gref has held the post of president and chairman of the board of Russia’s largest savings bank since November 2007. Under his leadership, the bank has extensively built out its ecosystem over the past few years, within which it provides a full suite of financial services to customers in diverse industries, including medicine, telecommunications, education and e-commerce. Given its exposure to the latter sector, Sberbank is now gradually transforming into a technology company.

The Russian government is the main shareholder in Sberbank with an equity stake of 50% plus 1 share (52.32% of all votes).