The source said the replacement of RSC Energia's general director and chief designer, Nikolai Sevastyanov, is on the agenda of the corporation's board meeting scheduled for early May.
"The former head of the Russian Space Agency, Yury Koptev, who is well known in the rocket and space sector, and who has been working in the aircraft industry following his departure, may replace him [Sevastyanov]," the source said.
RSC Energia has neither confirmed, nor denied the report.
Under Sevastyanov, the corporation worked out a long-term development program until 2015, covering piloted, automatic and rocket systems.
RSC Energia also intends to double rocket and spacecraft production and launches by 2009, to modernize the Soyuz spacecraft, to create new piloted and cargo space systems and satellites and to develop lunar and Martian programs.
RSC Energia's economic situation has stabilized in the past two years. In 2006, the corporation's revenues grew by 38%, year-on-year, and are expected to increase by 30% in 2007.
In 2006, its net profit exceeded 500 million rubles ($18.8 million).
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