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Thursday, 4 September 2014

Chinese Firms Lure Executives From Western Companies

After 20 years at Western multinationals such as Coca-Cola Co. and Nike Inc., Wayne Chen was offered a senior management role at China Vanke Co., a Shenzhen-based residential-property developer that is the world’s largest by revenue.


Mr. Chen, a Shanghai native who had moved to the U.S. about 15 years ago, said he didn’t plan to leave Hay Group, a U.S. management-consulting firm where he was a Shanghai-based managing director.


But Vanke persisted, winning him over with talk of providing housing for China’s aging population and establishing a global footprint in cities such as San Francisco, Singapore and New York. He started working for Vanke in February as chief human resources officer, one of about a dozen China-born, Western-educated executives to join the company during the past five years.


Read Full Article HERE






Kathy Chu and Joann S. Lublin, Wall Street Journal via CHINA US Focus http://ift.tt/YfkKYn

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