Russia’s Fesco Transportation appoints CRO for restructuring process

By Caroline Salls

Pittsburgh, Aug. 2 – Fesco Transportation Group appointed Steven Hellman as chief restructuring officer of the group, effective July 6, according to a news release from group member Far East Capital Ltd. SA.

Hellman will lead the group’s debt restructuring process and will act on behalf of the management on all matters related to the restructuring initiatives.

In addition, the company said Hellman’s appointment will allow the core management team to focus on operating the business and improving financial performance.

Hellman spent the last 12 years at Credit Suisse Group AG where he held various leadership positions, most recently chief executive officer of Russia & CIS.

He graduated from the University of California, Berkeley, with a bachelor of arts in Soviet studies and from the University of California, Berkeley, Boalt Hall School of Law.

Fesco is based in Moscow.

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