Gerhard Schröder moves up to the supervisory board of the Russian Globus chain

According to a media report, former Chancellor Gerhard Schröder has been promoted to the supervisory board of the operating company of the Russian supermarket chain Globus. This was reported by the Russian media portal RBC on Friday.

According to the report, Schröder should support the strategic development of the company, the company ‌Hyperglobus said. The Russian business was spun off from the German Globus Holding in 2025 and is owned by the former Globus boss Thomas Bruch. However, the supermarkets continue to use the well-known brand name.

Schröder has maintained a close relationship with Russian President Vladimir Putin since his term as Chancellor from 1998 to 2005 and, after his political career, also worked for several Russian state-owned companies. At the beginning of the year, Putin said that Schröder was his preferred contact for discussions about a new European security order.

The news about Schröder's new post also comes shortly after a decision by the government in Moscow, which just four days earlier had placed the Russian assets of the German trading group Metro under temporary state administration. Russia also took over the assets of the French retailer Auchan.