By PNA / Xinhua and U.S. News Agency / Asian

The leader of Georgian Dream, Bidzina Ivanishvili, announced candidates for a new cabinet Monday, a week after the coalition defeated President Mikheil Saakashvili’s once dominant ruling party in the parliamentary elections.

Ivanishvili, a billionaire-turned politician, is expected to become prime minister.

Ivanishvili a press conference that he nominated Irakli Alasania, leader of the Our Georgia-Free Democrats party, as vice prime minister and defense minister in the new government which is expected to be formed later this month.

He nominated his close ally Irakli Garibashvili, and Maia Panjikidze, a former ambassador to the Netherlands, as interior minister and foreign minister respectively.

The proposed cabinet also included former AC Milan footballer Kakha Kaladze as minister of regional development and infrastructure.

Ivanishvili named Republican Party leader Davit Usupashvili to be the speaker of the country’s next parliament, which should convene within 20 days after the Oct. 1 election.

Under the country’s constitution, Ivanishvili’s premiership has to be nominated by his defeated rival Saakashvili, who is set to remain president for another year.

The new cabinet is also required to be submitted by the president to the new parliament for approval.

Georgian Dream would hold 83 seats in the next 150-seat parliament with Saakashvili’s United National Movement taking 67, according to preliminary election results.