By Andrei Skvarsky.
A former Credit Suisse chief executive for Russia and the Commonwealth of Independent States, Steven Hellman, has been hired as a non-executive director by Lenta, Russia’s largest hypermarket chain.
Hellman’s career of more than 25 years has included jobs with Lehman Brothers, Bank of America, Credit Suisse’s former investment arm Credit Suisse First Boston and other companies, among them law firms.
Hellman has taken over his position at Lenta, which is Russia’s fourth-largest retail chain and is growing fast, from Stephen Peel, a former Goldman Sachs banker and an ex-senior partner at US-based investment firm TPG Capital, the St Petersburg-headquartered hypermarket company said in a statement.
According to the statement, Peel has resigned from Lenta to focus on private equity firm Novalpina Capital, which he has founded.
Hellman headed Credit Suisse’s operation for Russia and the CIS from 2010 to 2016. According to Lenta’s statement, in that period he advised the retail chain on its 2014 initial public offering (IPO) and on other corporate finance and strategic matters.
Between 2007 and 2010, Hellman was the Swiss bank’s head of client coverage for Moscow.