11/15/2023 0 Comments International joint venture![]() ![]() Ritch, can you walk me through your personal transition, going from a US worker to working overseas? ![]() I manage the relationships with joint ventures that we have established in China and look for any type of new collaborative opportunities with companies in or outside of the automotive space. I manage all of the deal activities specific to our GM China business, which is our second-largest market globally. Now I am the President of Corporate Development, Global Mergers, and Acquisitions for General Motors in China. Prior to working with General Motors, I have experience with Delphi Automotive and Ford Motor Company in Canada. I’ve been working in the M&A space for 10 years, and prior to that, I have mostly a finance background and I worked in various functions in purchasing, manufacturing, sales, and marketing, all in finance roles. I’ve been overseas for a few years, conducting business on behalf of General Motors. I am an International Executive at General Motors. Text version of interview Maybe we can kick off with you sharing a little bit about your background? “Anytime you’re doing a transaction that involves a different country you have to be very conscious of the environment you’re working in, what type of approvals will take place and how long those could potentially take.” Please note the views expressed in this podcast do not reflect those of General Motors. In this podcast you will hear about Ritch’s transition to working overseas, cultural challenges, and his favorite global transaction.Īdditionally, they discuss how to navigate national governments, what prompts an international joint venture, and what exactly the international joint venture process looks like. Ritch is an accomplished and internationally seasoned Senior Corporate Development Executive, with over 15+ years of experience offering execution, valuation, strategy and restructuring expertise for driving multi-billion dollar growth transactions to C-level executives and Boards of Directors of Industry-leading manufacturers to meet their strategic objectives. On this episode, Kison and Ritch Schaafsma, VP of Corporate Development, Global Mergers and Acquisitions at General Motors, discuss the ins and outs of international joint ventures. “While you’re learning about culture and moving to an unfamiliar location for the first time, you’re also learning about new business and how to conduct business in different parts of the world.” How to source, create, and manage international joint ventures ![]()
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