Russia’s Fesco Transportation Group has hired Steven Hellman as its chief restructuring officer, who will lead the group’s debt restructuring process.
Hellman started work in the position on July 6, having previously spent the last 12 years at Credit Suisse Group in various leadership positions, most recently as CEO of Russia & CIS.
Last year, the Russian group begain buying back some bond issues to change its debt profile.
Fesco said in July it “will require additional time” to evaluate a restructuring proposal submitted 12 months earlier by an ad hoc group of bondholders. The company said it will prepare its own preliminary proposal on which to base further discussions.