Gerhard Schröder takes on new position at Russian retailer Hyperglobus

Former Chancellor Gerhard Schröder has accepted a new post in Russia. He will help guide retailer Hyperglobus.

Berlin. Gerhard Schröder is now a member of the supervisory board of Russian retailer Hyperglobus. This was reported by several Russian media outlets on Friday, citing the company. The former German chancellor should therefore help with the management and strategic direction of the company in Russia.

Hyperglobus owner Thomas Bruch said that Schröder would bring the necessary expert knowledge to the supervisory board. The Russian company was separated from the German Globus Holding in 2025, but continues to operate its business under the Globus brand.

Bruch was managing director of Globus Holding until 2020, since then it has been run by his son Matthias Bruch. Bruch senior was one of the few Europeans to take part in the International Economic Forum in Saint Petersburg in June and was criticized for it.

Schröder is quoted as saying: “It is important that entrepreneurs like Thomas Bruch and companies like Hyperglobus continue economic relations with Russia and invest in Russia.”

Not the first post for Schröder in Russia

The 82-year-old former chancellor has held several positions in Russian companies in the past. After the Russian attack on Ukraine in 2022, he resigned from his position as chairman of the state energy company Rosneft. However, he never broke off contact with Russian President Vladimir Putin, whom he describes as a friend.

In recent days, Russia has placed foreign retailers Nestlé, Auchan and Metro under state administration.