Gerhard Schröder becomes a member of the supervisory board of the Russian Globus subsidiary

Former Chancellor Gerhard Schröder has become a member of the supervisory board of the Globus Group branch there in Russia. This was confirmed by the Russian Hyperglobus GmbH. Schröder was added to the supervisory board on September 30th. The former chancellor will take part in the general management of the company and lead the strategic development of the company in Russia, it said.

There is currently no confirmation from the 82-year-old, who is friends with Kremlin leader Vladimir Putin. The company did not comment on the question of whether the personnel are related to the compulsory administration of foreign companies such as Metro, Auchan or Nestlé recently ordered by the Russian President.

Four days ago, Moscow placed the Russian assets of the German company Metro under temporary state administration. Russia also took over the assets of the French retailer Auchan. According to Hyperglobus, the Russian Globus branch has been separated from the German holding company since January 2025 and operates independently in Russia "legally and organizationally."

Schröder was Chancellor from 1998 to 2005. At the end of his term in office, the SPD politician agreed with Putin to build the Nord Stream Baltic Sea pipeline. After leaving politics, he took on positions at Nord Stream and the Russian energy company Rosneft.

Schröder has been criticized for years because of his close ties to Putin and his involvement with Russian energy companies.