Finance
Mercedes-Benz South Africa CEO-designate resigns
Published by Global Banking & Finance Review®
Posted on November 10, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 10, 2025
1 min readLast updated: January 21, 2026
Abey Kgotle resigns as CEO-designate of Mercedes-Benz South Africa, with Andreas Brand continuing as CEO until further notice.
(Reuters) -Mercedes-Benz South Africa said on Monday CEO-designate Abey Kgotle has resigned for personal reasons, less than a month before he was set to take on the role.
Kgotle, who joined Mercedes-Benz South Africa in 2017, was named in June to succeed Andreas Brand as chief executive of the German luxury carmaker Mercedes-Benz's South African operations.
Brand, who was scheduled to relocate to Stuttgart on November 30 for a global production role overseeing seven Mercedes-Benz manufacturing plants, will now continue as chief executive "until further notice," it said on Monday.
Kgotle currently serves as the company's executive director for human resources and corporate affairs and will step down effective November 30. The company did not provide details about his personal reasons in its statement.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Krishna Chandra Eluri and Tasim Zahid)
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the mechanisms through which companies, and their stakeholders, are held accountable.
An executive director is a senior manager in an organization who is responsible for the daily operations and strategic direction. They often report directly to the board of directors and play a key role in decision-making.
A resignation is the formal act of giving up or quitting a position or office. It typically involves submitting a letter to the employer or organization stating the intention to leave the role.
A CEO-designate is an individual who has been appointed to become the Chief Executive Officer of a company but has not yet officially assumed the role. This title indicates that they are preparing to take on the responsibilities of the position.
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