Stephan DuCharme

Last updated
Stephan DuCharme
Born (1964-04-20) 20 April 1964 (age 59)
Addis Ababa, Ethiopia
CitizenshipUnited States, Germany
Occupationtop manager
Organization(s)L1 Retail, Dia Group

Stephan DuCharme (April 20, 1964, Addis Ababa, Ethiopia) [1] [2] is an executive with more than 30 years of experience leading organizations in the financial, industrial and retail sectors. He is currently Senior Advisor to L1 Retail and Non-Executive Chairman of the Board of Dia Group. [3]

Contents

He is a citizen of United States of America and Germany. [1] [2] He is fluent in English, German, French, Spanish, and Russian. [4]

Biography

DuCharme graduated with honors from University of California, Berkeley (USA), has an MBA degree from INSEAD business school. [1] [2] [3] From 1987 to 1991, he was a financial analyst in Salomon Brothers Bank. [1] [3]

Since 1992, he has been a vice head of the Moscow office in the European Bank of Reconstruction and Development (EBRD). From 1997 to 2001, he has worked as corporate development, finance and supervisory director in Alfa Group. [1] [5]

In 2001, he left for London and was one of the leaders in SUN Group, [6] where he particularly supervised SUN Interbrew. [1]

DuCharme was a board member of directors in CSA Czech Airlines, Alfa-Bank, and SUN Interbrew Ltd, [3] [1] [2] [7] and was a member of the supervisory board in Iberia Refreshments (Tbilisi, Georgia), [8] as well as a member of the supervisory board in Concern Galnaftogas (Lviv, Ukraine). [3] [9] [10]

From December 2006 to September 2008, he was board member of the Siberian Coal Energy Company, [11] [12] as chairman of Committee of Staff and Rewards, a member of committee of budget, auditing and internal control. [13]

From October 2008 to July 2012, he was a member of the supervisory board at X5 Retail Group, [1] where he was on the head of Stuff Committee. [14] From July 2012 to April 2013 he was acting-, and from April 2013 to November 2015 the chief executive officer at X5 Retail Group. [3] [15] [6]

From November 2015 to march 2022, he was chairman of the supervisory board at X5 Retail Group. [2] [16]

X5 Retail Group (LSE ticker: FIVE) is the largest retailer in Russia. [17] [18] As of 31 March 2017, X5 had 9,817 Company-operated stores. Its store base includes 9,002 Pyaterochka proximity stores, 544 Perekrestok supermarkets, 90 Karusel hypermarkets and 181 convenience stores.

Since March 2016, DuCharme has been a member of the board of trustees at «Rus» Food Foundation. [19]

Since December 2016 he has been the head of L1 Retail. [20] L1 Retail agreed to buy Britain's Holland & Barrett for 1.77 billion pounds ($2.26 billion) in its first acquisition. [21] [22]

DuCharme was executive chairman of the Dia Group between May 2020 and August 2022, and led the thorough transformation of its strategy, business model, processes and offering. [23] In August 2022 the company separated the role of CEO and chairman. DuCharme was appointed non-executive chairman and Martín Tolcachir, until then CEO of Dia Argentina, was appointed Global CEO of Dia Group. [24]

See also

Related Research Articles

<span class="mw-page-title-main">Mikhail Fridman</span> Russian–Israeli businessman, billionaire, and oligarch

Mikhail Maratovich Fridman is a Ukrainian-born, Russian–Israeli businessman, billionaire, and oligarch. He is one of the co-founders of Alfa-Group, a multinational Russian conglomerate. According to Forbes, he was the seventh-richest Russian as of 2017. In May 2017, he was also ranked as Russia's most important businessman by bne IntelliNews. In August 2022, Fridman had a net worth of $11.2 billion, according to the Bloomberg Billionaires Index.

<span class="mw-page-title-main">Alfa Group</span> Russian international industrial and financial group

Alfa Group Consortium is Russian international privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments.

<span class="mw-page-title-main">German Khan</span> Russian-Ukrainian businessman

German Borisovich Khan is a Ukrainian-Russian oligarch, billionaire, and businessman. After graduating from university in 1988 he worked in a wholesale business selling consumer items, before setting up his own cooperative. He was then appointed the head of the wholesale trade business Alfa Eco as part of the Alfa Group Consortium, by his college friend Mikhail Fridman. Alfa Group, which he also shares with another fellow billionaire and college peer, Alexei Kuzmichev, is the biggest financial and industrial investment group in Russia. He became president of Alfa Eco in 1996 and was instrumental in directing the company to focus on export and the oil trade. When Alfa bought Tyumen Oil (TNK) in 1997, he joined the board of directors. He was deputy chairman of TNK Oil Company from 1997 until 2003. In 2003, Khan worked with the other TNK owners to form a 50–50 joint venture with British Petroleum (BP), in what was the largest foreign investment in Russia to date, at US$8 billion.

<span class="mw-page-title-main">Joe Kaeser</span> German businessman

Joe Kaeser is a German manager and former CEO of Siemens AG, Berlin & Munich, a role he was in from August 1, 2013, until February 3, 2021.

<span class="mw-page-title-main">VTB Bank</span> Russian state-owned bank

VTB Bank is a Russian majority state-owned bank headquartered in various federal districts of Russia; its legal address is registered in St. Petersburg; as of 2022 company's capital stock was mostly owned by three Russian agencies.

<span class="mw-page-title-main">Alexey Kuzmichev</span> Russian businessman

Alexey Viktorovich Kuzmichev or Kousmichoff is a Russian businessman. He is one of the founders of the LetterOne Group (LetterOne) and the Alfa Group.

<span class="mw-page-title-main">Samir Brikho</span>

Samir Yacoub Brikho FREng is Chairman of the Board of Directors at global fertilizer producer EuroChem Group AG and coal energy company SUEK JSC. Brikho has previously held senior positions in many leading companies such as Asea, ABB Group, Alstom and Amec Foster Wheeler.

<span class="mw-page-title-main">Unibail-Rodamco-Westfield</span> French real estate company

Unibail-Rodamco-Westfield SE is a European multinational commercial real estate company headquartered in Paris, France. Its history originates with the formation of two separate shopping centre operators, Unibail and Rodamco Europe, which merged in 2007 and became a societas Europaea in 2009. The company acquired Australian shopping centre operator Westfield Corporation in June 2018.

Amsterdam Trade Bank (ATB) was a commercial bank registered in The Netherlands between 1994 and 2022. The bank focused on providing trade financing for companies wishing to do business in former Soviet states.

<span class="mw-page-title-main">Magnit</span> Russian retail market leader by number of stores

Magnit is one of Russia's largest food retailers. It was founded in 1994 in Krasnodar by Sergey Galitsky. As of March 2016, the company had 12,434 stores in 2,385 locations. They include 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores and 157 Magnit family stores. The company employs more than 140,000 people and has been opening several dozen stores each month.

Lev Khasis is a Russian and American manager, investor and entrepreneur. He was born 5 June 1966 in Kuybyshev, now Samara, RSFSR, USSR) He was the first CEO of the X5 Retail Group (2006–2011), Senior Vice-President and then CEO and President of New Formats at Walmart Stores Inc (2011-2013), Vice-Chairman of Jet.com until the company was acquired by Walmart at the end of 2016, Board member of Boxed.com from 2017 till 2021 etc. Chairman of the board of Evotor.ru,DocDoc.ru and many other companies of the Sberbank Group in 2014-2021.

<span class="mw-page-title-main">Dixy</span> Russian retail company

DIXY (Дикси) is Russia's third largest food retail company. The Moscow-based company and its subsidiaries specialize in sale of food and everyday products. DIXY is a subsidiary of DKBR MEGA RETAIL GROUP LIMITED.

Joachim Faber is a German lawyer and business executive.

<span class="mw-page-title-main">Russian Direct Investment Fund</span> Fund established by the Russian government in June 2011

The Russian Direct Investment Fund is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world's largest institutional investors, direct investment funds, sovereign wealth funds and leading companies.

<span class="mw-page-title-main">Rostec</span> Russian State Corporation

Rostec, officially the State Corporation for Assistance to Development, Production and Export of Advanced Technology Industrial Product Rostec and formerly Rostekhnologii, is a Russian state-owned defense conglomerate headquartered in Moscow.

X5 Group is Russia's largest food retailer.

LetterOne Holdings S.A. (LetterOne) is an international investment business based in Luxembourg. With long-term investments in the telecoms, technology, healthcare, and energy sectors, the firm has four main units: L1 Health, L1 Technology, L1 Retail, and L1 Energy, all of which are supported by L1 Treasury Services, which manages the group's liquidity. LetterOne was set up LetterOne in 2013 as part of a broader new investment vehicle using the proceeds from the sale of TNK-BP. LetterOne had $26.8 billion in equity at the end of 2021. Co-founders Mikhail Fridman and Petr Aven stepped down from the company in early March 2022, after the EU imposed sanctions on them in the wake of the Russian invasion of Ukraine. The board now includes Mervyn Davies, Jonathan Muir, Franz Humer, Richard R. Burt, and Wulf von Schimmelmann, with Davies serving as chairman and Muir as CEO. Among major investments in 2023 were Turkcell, Qvantel, VEON, Wintershall Dea, DIA and Holland & Barrett.

<span class="mw-page-title-main">Olaf Koch</span> German Manager

Olaf Koch is a German business executive. He is a member of the supervisory board of Daimler AG and founder of the venture capital firm Zintinus. From 2012 to 2020 he was CEO of Metro AG.

<span class="mw-page-title-main">Alexander Vinokurov (businessman)</span> Russian businessman (born 1982)

Alexander Semenovich Vinokurov is a Russian businessman. He is one of the main owners of the privately held investment company Marathon Group and largest shareholder of retailer Magnit. Vinokurov was added to the EU Sanctions List on 9 March 2022 for providing a substantial source of revenue to the government of the Russian Federation during the Russo-Ukrainian War.

Mikhail Valentinovich Khabarov is a Russian businessman and manager. He is the current board president, and CEO of National Bank TRUST, an institution part of the Central Bank of Russia's activities to improve the national banking system.

References

  1. 1 2 3 4 5 6 7 8 Dulenkova, Anastasia (2015-08-27). ""It is important to have a strong competitor to be on your toes" (in Russian)". kommersant.ru. Retrieved 2017-06-03.
  2. 1 2 3 4 5 "X5 Retail Group announces results of EGM" (PDF). Retrieved 2017-06-03.
  3. 1 2 3 4 5 6 "Stephan DuCharme" . Retrieved 2017-06-03.
  4. ↑ Telitsyna, Irina (2016-11-16). "Stefan Ducharme: "Faith is an important element of success" (in Russian)". forbes.ru. Retrieved 2017-06-03.
  5. ↑ "Stefan DuСharm may soon become CEO of X5 Retail Group (in Russian)". rb.ru. Rusbase. 2013-01-14. Retrieved 2017-06-03.
  6. 1 2 ""I did not come here to do cosmetics" - Stefan DuСharme, CEO of X5 Retail Group (in Russian)". «Vedomosti» newspaper. 2014-03-25. Retrieved 2017-06-03.
  7. ↑ "DuСharme Stefan. Biography and press portrait (in Russian)" . Retrieved 2017-06-03.
  8. ↑ "Stefan DuCharm may become an independent member of the supervisory board X5 (in Russian)". Guide to Property. 2008-10-02. Retrieved 2017-05-31.
  9. ↑ "Business Leaders Biography. Stephan DuCharme" . Retrieved 2017-06-03.
  10. ↑ "Stephan DuCharme" . Retrieved 2017-06-03.
  11. ↑ "Stephan DuCharme: Executive Profile & Biography (на английской языке)". Bloomberg News . Retrieved 2017-05-31.
  12. ↑ "Shareholders of OJSC SUEK elect an updated Board of Directors (in Russian)". tayga.info. 2003-12-21. Retrieved 2017-06-03.
  13. ↑ "Shareholders of SUEK re-elected the Board of Directors (in Russian)". EnergyLand.info. 2008-09-16. Retrieved 2017-06-03.
  14. ↑ "Transformation. Review. March 2015 (in Russian)" (PDF). bcg.ru. The Boston Consulting Group. Retrieved 2017-06-03.
  15. ↑ "Stephan DuCharme". Archived from the original on 2016-12-30. Retrieved 2017-06-03.
  16. ↑ "X5 Retail Group CEO Stephan DuCharme To Step Down - Quick Facts". RTTNews. 2015-09-08. Retrieved 2017-06-03.
  17. ↑ "X5 overtakes Magnit as Russia's No.1 retailer by sales". Reuters News Agency. Thomson Reuters. 2017-01-24. Retrieved 2017-06-04.
  18. ↑ "Russia's Magnit falls further behind X5 as sales growth falls". Reuters News Agency. Thomson Reuters. 2017-04-21. Retrieved 2017-06-04.
  19. ↑ "X5 Chairman named as Trustee of Rus Food Foundation" . Retrieved 2017-06-03.
  20. ↑ "New Retail Fund from Russia That Plans To Invest $3bn In The Retail Stars Of Tomorrow Will Be Headquartered In London". Haggerston Times. 2016-12-20. Retrieved 2017-06-03.
  21. ↑ "Fridman's L1 Retail to buy Holland & Barrett for $2.3 bln". NASDAQ.com. NASDAQ, Inc. 2017-06-26. Retrieved 2017-06-26.
  22. ↑ Clara Denina, Maiya Keidan (2017-06-26). "Fridman's L1 Retail to buy Holland & Barrett for $2.3 billion". Reuters. Thomson Reuters. Retrieved 2017-06-26.
  23. ↑ "Dia reduces losses by 29%, up to 257 million, due to lower financial expenses (in Spanish)". Cinco Días . Prisa. 2022-01-03. Retrieved 2023-01-18.
  24. ↑ Galindo, Cristina (2022-08-30). "Dia appoints Martín Tolcachir as the new CEO of the supermarket group (in Spanish)". El País . Retrieved 2023-01-18.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.