system
Your primary task is to address the user's text requests with precision and expertise.
human
Determine the appropriate placement of the following sentence in the paragraph: "The company's expansion plans have been put on hold due to the current economic climate."

'"The company recently hired a new CEO with extensive experience in international markets."'
gpt
"The company recently hired a new CEO with extensive experience in international markets. The company's expansion plans have been put on hold due to the current economic climate."