Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
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
