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GMAC Home Services Commences Executive Search for Global Relocation Services President.


Business Editors/Real Estate Writers

OAK BROOK, Ill.--(BUSINESS WIRE)--May 8, 2003

GMAC GMAC General Motors Acceptance Corporation
GMAC Graduate Management Admission Council
GMAC Give Me A Call
GMAC Genetic Manipulation Advisory Committee
GMAC Genetic Modification Advisory Committee (Singapore)
GMAC Give Me A Chance
 Home Services President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  John Bearden today announced that the company has retained an executive search firm to begin a global search for a president of its relocation division, GMAC Global Relocation Services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. .

"We are seeking a seasoned executive who can provide additional strength to our already excellent domestic management team, as well as lead the rapid growth of our global expatriate management business," Bearden said. "The new president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 must also have the skill set to lead our Global Relocation Services' division through the process of integrating future acquisitions."

This announcement follows the resignation of Jim Simon, who served as the relocation division's president since 1999. Simon left the company to pursue other opportunities.

"We appreciate all of Jim's hard work in helping to build GMAC GRS GRS Graduate School (universities)
GRS Great Red Spot (feature of Jupiter)
GRS Gender Reassignment Surgery
GRS Gamma Ray Spectrometer
GRS Graduation Rate Survey
GRS General Records Schedules
 into one of the leading relocation firms in the industry and wish him well in his new endeavors," Bearden added. Steve Phillips, executive vice president and chief operating officer of GMAC Home Services, who is also CEO of GMAC Global Relocation Group, has taken over Simon's responsibilities on an interim basis.

GMAC Global Relocation Services, which recently initiated improvements in efficiency and customer service, is investing heavily in the future of both its domestic and international operations.

According to Bearden: "We have a very established and world-class client roster and are in the hunt to add some new clients as we seek to grow our domestic and international businesses through both new customer signings and acquisitions. We currently have more than two dozen open requisitions as we look to add employees throughout various areas of the company."

About GMAC Home Services

GMAC Home Services is one of the nation's largest real estate organizations, delivering premier service to homebuyers and sellers through its three operating companies, GMAC Real Estate GMAC Real Estate is a real estate franchise company in the United States, with 1300 locations in North America, and more than 22,000 real estate agents. The company is a division of GMAC Home Services, part of the larger General Motors Acceptance Corporation, which provides , GHS GHS Globally Harmonized System (of Classification and Labeling of Chemicals)
GHS Greenwich High School (Connecticut)
GHS Green Hills Software, Inc.
 Mortgage and GMAC Global Relocation Services. Backed by the resources of industry giant General Motors, the GMAC Home Services network has more than 1,300 franchised and owned residential real estate offices throughout the United States.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 8, 2003
Words:351
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