Gerhard Schröder - World Economic Forum Annual Meeting Davos 2005

Gerhard Fritz Kurt Schröder ([ˈɡɛɐ̯haɐ̯t fʁɪts kʊʁt ˈʃʁøːdɐ] ( listen); born 7 April 1944) is a German politician, and was Chancellor of Germany from 1998 to 2005. A member of the Social Democratic Party of Germany (SPD), he led a coalition government of the SPD and the Greens. Before becoming a full-time politician, he was a lawyer, and before becoming Chancellor he served as Premier of Lower Saxony (1990–1998). Following the 2005 federal election, which his party lost, after three weeks of negotiations he stood down as Chancellor in favour of Angela Merkel of the rival Christian Democratic Union. He is currently the chairman of the board of Nord Stream AG, after having been hired as a global manager by investment bank Rothschild.