Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
On Thursday, May 2, Mercedes-Benz Financial Services revealed that it appointed Thomas Waggershauser as its new chief executive officer. He is a veteran in the industry with a career spanning two decades at the Mercedes-Benz Group’s financial and mobility service, the Mercedes-Benz Mobility AG.
Thomas Waggershauser’s Career at Mercedes-Benz
Before his promotion to the CEO role at Mercedes-Benz Financial Services Korea, Waggershauser was the head of Mercedes-Benz Mobility’s overseas and Greater China market management. In this position, he worked at the automaker’s headquarters in Stuttgart, Germany, as per The Korea Herald.
His career in finance started when he worked for DaimlerChrysler Bank in 2004 as a leasing and finance consultant. He later moved to higher executive roles, securing the head of product management post at Mercedes-Benz Bank in 2007.
Starting in 2014, he became chief of sales and marketing at Mercedes-Benz Financial Services Spain and held the role for six years. Lastly, he moved to Mercedes-Benz Mobility and has been in charge of sales and marketing in the Asia-Pacific region since 2020.
Managing Financial Business in Korea
Mercedes-Benz Financial Services Korea was launched in 2002 and operates in the country as an affiliate of Mercedes-Benz Mobility. It mainly provides finance, lease, and insurance services for dealers and customers of Mercedes-Benz vehicles sold in the region.
Hankooki reported that Waggershauser was chosen as the new CEO for the unit because the company knows he has a good understanding of major Asian markets, including South Korea. Meanwhile, on his appointment, the new chief commented, “I am happy to join Mercedes-Benz Financial Services Korea. The territory is an important market for Mercedes-Benz, so we have a great sense of responsibility. We will continue to listen to the voices of our customers and strive to provide the best financial and leasing solutions for a better Mercedes-Benz experience.”
Photo by: Sam Warren/Unsplash
