Gerhard Schroeder on the supervisory board of Hyperglobus

The shareholders of Hyperglobus admitted Gerhard Schroeder to the supervisory board on September 30. The former German chancellor is to participate in the general management of the company and lead the strategic development of the company in Russia, reports the German agency dpa.

Dpa notes that Hyperglobus did not answer the question whether the nomination of the former head of the German government is related to the compulsory management of Russian assets of foreign companies recently ordered by Vladimir Putin, including: Auchan and Nestle.

Reuters notes that Hyperglobus was separated from the German holding company in January 2025 and is now fully independent. The company owns over 20 Russian supermarkets that still use the Globus brand.

Gerhard Schroeder - a close ally of Vladimir Putin

Gerhard Schroeder led the German government from 1998 to 2005. As chancellor, he agreed with Vladimir Putin to build the Nord Stream gas pipeline. After leaving politics, he took up positions at Nord Stream and the Russian energy company Rosneft.

His close ties to the Russian president and his involvement with Russian energy companies have been the subject of criticism for years. Also after the Russian invasion of Ukraine began in 2022, the former German chancellor met with the Russian leader multiple times.