He led a turnaround at Waste Management after an insider trading scandal.

The United States Postal Service Board of Governors announced Friday that it selected David Steiner to be the nation's 76th postmaster general. Why it matters: USPS has been the focus of intense scrutiny with Elon Musk's Department of Government Efficiency.

The U.S. Postal Service confirmed on Friday it will name David Steiner, a long-time CEO of Waste Management and FedEx board member, to become the nation’s 76th postmaster general, handing the reins to the executive while the mailing agency continues to reel financially and is in the midst of major political and operational disruption.