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2 clusters · 30 sources · 3 days · First seen · Last updated

Gerhard Schröder joining Russian Hyperglobus board

Overview

Former German Chancellor Gerhard Schröder has joined the supervisory board of Hyperglobus, the Russian operator of the Globus hypermarket chain. Shareholders reportedly approved the appointment on September 30. Schröder is expected to assist in general corporate management and lead the company’s strategic development within the Russian market.

Hyperglobus, which was spun off from the German Globus Holding, operates as an independent entity in Russia. While ownership remains with German shareholders, the Russian division is set to become legally and organizationally independent from its German parent company on January 1, 2025.

The appointment has triggered significant criticism in Germany. Bundestag member Roderich Kiesewetter described the move as a “betrayal of Europe and one's own country,” while other experts characterized the role as a new lobbying assignment. Analysts have suggested that leveraging Schröder’s long-standing connections to Vladimir Putin may serve as a mechanism for Hyperglobus to protect its assets from potential state seizure by the Kremlin.

Entities

Globus · Vladimir Putin · Gerhard Schröder · Hyperglobus · Globus Holding

Timeline

  1. [POLITICS] 2 sources
    Gerhard Schröder joins supervisory board of Russian-operated Globus

    Former German Chancellor Gerhard Schröder has joined the supervisory board of Hyperglobus, the Russian operator of the Globus supermarket chain, sparking widespread political criticism in Germany.

  2. [BUSINESS] 28 sources
    Gerhard Schröder joins Hyperglobus supervisory board in Russia

    Former German Chancellor Gerhard Schröder has joined the supervisory board of Hyperglobus, a Russian supermarket operator, to guide its strategic development in Russia.

Sources

abendblatt.de · berliner-zeitung.de · cafef.vn · capital.gr · dorzeczy.pl · europesays.com · fehmarn24.de · finanznachrichten.de · g4media.ro · gandul.ro · gr.euronews.com · heute.de · hna.de · it-boltwise.de · kreiszeitung.de · kurierverlag.de · kyivpost.com · leinetal24.de · mannheim24.de · merkur-online.de · op-online.de · opoka.org.pl · powergame.gr · realitatea.net · saarbruecker-zeitung.de · soha.vn · thueringen24.de · tz.de · upday.com · wydarzenia.interia.pl