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Prime Minister Mostafa Madbouly appointed Hatem El Nawawy (LinkedIn) as head of the Egyptian Export Development Authority for a one-year term, according to a statement from the Investment Ministry. He will concurrently serve as the chief of the Export Development Fund following a separate decree from the Investment Minister. El Nawawy steps into the roles with a mandate to expand the local exporter base, boost the global competitiveness of Egyptian products, and break into new foreign markets.
El Nawawy brings over 25 years of private-sector corporate strategy and marketing experience to the post — including leading business development at Electrolux Egypt, senior roles at Al Ahram Group, SC Johnson, and Magrabi, and a stint at management consulting firm Inspire.
Mercedes-Benz Egypt gets a new lead driver
Mercedes-Benz Egypt tapped Thomas Waggershauser (LinkedIn)as its new CEO, Al Borsa writes. The appointment follows the resignation of Stefanie Volz (LinkedIn), the automaker’s first female CEO, who held the role since 2024 and led the company’s discussions with Industry Minister Khaled Hashem in March on localizing automotive manufacturing.
Waggershauser brings more than 20 years of global experience within the Mercedes-Benz group, spanning both the core automotive business and financial services. He most recently served as CEO of Mercedes-Benz Financial Services and Mercedes-Benz Mobility in South Korea.
Rameda boardroom shuffle
Pharma giant Rameda appointed Sharif El Akhdar (LinkedIn) as a non-executive chairman, taking over from Ayman Abbas, who will continue to sit on the 13-member board as a non-executive member, according to a statement (pdf) from the company.
El Akhdar, founder of the Egypt-Saudi-focused healthcare platform LimeVest, brings extensive private equity and investment experience, having served as a Partner at BPE Partners. He currently chairs the risk and investment committees at the Housing and Development Bank and sits on the boards of Alexandria New Medical Center and Egyptian Resorts Company.
El Akhdar’s appointment follows the addition of new members to the company’s board, including LimeVest Vice Chairman and Group CFO Dalia El Shal (LinkedIn) and Ahmed Abou Hendia (LinkedIn), founder of Abou-Hendia Law Firm, both of whom joined as non-executive members.
