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Santander Group's executive president, Ana Botín, offered farewell words to Claudio Melandri, who stepped down from Santander Chile's presidency after over a decade in the role and 37 years with the company. Botín praised his merit-based career and key role in making the bank the leader in Chile. Rodrigo Vergara will take over as the new non-executive board president.

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Mercedes-Benz Korea has appointed Shirin Emeera as its new CEO, effective July, tasking her with the successful launch of key electric vehicle (EV) models. The company faces challenges from declining EV sales following a fire incident involving an EQE sedan two years ago.

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