ACT Research announced that David Teolis, former deputy chief economist, international markets, FX and commodities for General Motors Company, has joined the firm in the position of chief economist.

Teolis will join ACT Research on Oct. 1 following a 28-year career with General Motors.

"I am thrilled to be joining a strong team at ACT and am looking forward to getting to know our customers, their data needs, and how I can contribute to the publications and services we offer," said Teolis.

In his most recent role, he was responsible for providing economic analyses, forecasting long-term new vehicle sales, and conducting special studies for the economies of South America, Africa, the Middle East, Europe, and the Asia-Pacific region.

He was also responsible for managing the company’s foreign exchange rate forecast process and writing monthly and quarterly reports.

Prior to that role, Teolis served for five years as the manager of European economic and industry forecasting located at the Adam Opel Headquarters in Rüsselsheim, Germany.

He joined General Motors in 1995 as an economist with primary responsibility for economic and industry forecasting for Mexico and subsequently worked in several finance positions within the company before returning to the economics staff as the senior economist for North America.

Prior to joining General Motors, Teolis was the recipient of the Herman Kahn Fellowship in International Political Economy from the Hudson Institute, where he worked on issues related to NAFTA and telecommunications deregulation. He is a two-time recipient of the Best Overall Economic Forecast Award from the Federal Reserve Bank of Chicago.