[CORRECTED] CHINA: GM relocates CIO HQ to Singapore
General Motors has announced plans to relocate its “Consolidated International Operations" headquarters from Shanghai to Singapore in 2014.
The move will help strengthen its management of key markets, including India, Middle East and North Africa, as well as other markets in South-east Asia.
Stefan Jacoby, executive vice-president of CIO, said GM is looking to “create a renewed identity for CIO and lead GM’s umbrella strategy for the region.”
The new CIO headquarters in Singapore is expected to employ some 120 staff, with responsibility for regional sales and marketing, product planning, finance, government relations, human resources, IT, legal and communications functions.
It will oversee key parts of the company’s business in Africa, ASEAN, Australia and New Zealand, India, Korea and the Middle East, as well as Chevrolet and Cadillac Europe.
The move will also help GM’s Shanghai operations focus more closely on competing in China. A GM spokesperson added that “China is the world’s largest vehicle market and it demands singular attention and focus for GM to remain a leader”.
General Motors to Relocate Consolidated International Operations Headquarters to Singapore
Singapore – General Motors announced today that it is relocating its Consolidated International Operations (CIO) headquarters from Shanghai, China, to Singapore in 2014.
“Having a team in Singapore is a key step in CIO’s transformation,” said GM Executive Vice President, CIO, Stefan Jacoby. “It will help us to create a renewed identity for CIO and lead GM’s umbrella strategy for the region. We are looking forward to being an important part of the Singapore business community.”
GM will have about 120 CIO employees located at its headquarters in Singapore when it opens in the second quarter of next year at a location still to be determined.
The new headquarters will include representatives from GM’s regional Sales and Marketing, Product Planning, Finance, Government Relations, Human Resources, IT, Legal and Communications functions. It will oversee key parts of the company’s business in Africa, ASEAN, Australia and New Zealand, India, Korea and the Middle East, as well as Chevrolet and Cadillac Europe.
Original source: GM Consolidated International Operations
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