WASHINGTON, May 9 (Reuters) - The U.S. Postal Service

Board on Friday said they have named FedEx ( FDX ) board member and

former CEO of Waste Management, as the new postmaster general

after the White House pressured the prior leader to resign in

March.

Postal unions have raised sharp concerns about the selection

of David Steiner to succeed Postmaster General Louis DeJoy

because he sits on the board of a competitor to the Postal

Service. The money-losing Postal Service reported a wider net

loss of $3.3 billion for the three months ending March 31 as it

continues to hike stamp prices and look at ways to cut costs.