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.
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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”.
