Mercedes-Benz Korea announced it has appointed a new chief executive officer to lead the company from this point. The German luxury vehicle maker chose Mathias Vaiti to be the new chief of its office in South Korea.
The new CEO is a digital expert who led the company’s e-commerce and digital service business called Mercedes Me. Vaiti’s appointment was formally revealed on Wednesday, May 31. He will assume the chief executive role on Sept. 1, as per The Korea Times.
As he takes over, the current Mercedes-Benz Korea CEO, Thomas Klein, will be promoted to become the head of Product Management & Sales Mercedes-Benz Passenger Cars & Integrated Production at Mercedes-Benz Group AG’s sales and inventory planning unit.
The company shared that Vaitl is the best choice for the role as he has an extensive experience in various facets of business in digital services, customer service, and sales. Likewise, he has a proven track record for these duties in different overseas offices.
The new Mercedes-Benz Korea chief earned his diploma in business administration in 2005 at the Nuertingen-Geislingen University. His course has a specialization in the automotive industry and international business management.
After graduation, he immediately joined Mercedes-Benz and was appointed to work at the company’s dealer network in Prague, Czech Republic as a business manager. From there, he held various positions and slowly made his way up to become one of the key executives.
"I am very excited to take the role of CEO of Mercedes-Benz Korea, the fourth-largest market and one of the most dynamic and trend-setting markets in the world," The Korea Herald quoted Mathias Vaitl as saying in a statement. "I will devote myself to listening and learning customers' demands and work closely together with Korean colleagues and dealers to strengthen customer satisfaction and continue the success story."
Photo by: Victor Sutty/Unsplash


Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 



