India Inc Betting High on 50 Plus CEOs to Revitalize Business

The Most Important Reason For The Change

Atul Vohra, managing director at Transearch India said that previously the age obligation for hiring CEOs was 40-45 years, but now it has shifted to 50 years.

"Companies want to fall back on experienced leaders who have seen the economy change over the past three decades so they can navigate during turbulent times," he says.

The sharp slowdown in the economy is considered as the prime reason behind this trend. Moreover, the unsatisfactory performance of firms especially in manufacturing and mining sectors, India’s economic growth slipped to 4.8 percent in the January-March quarter.

Dhawan of Positive Moves says that the change can be more likely because of the size and complexities of Indian businesses than the slowing economy.

"If you are hunting for a CEO for a billion-dollar company, maturity and experience do carry a premium," he says.

However, according to experts, the only reverse of having a 50 plus chief executive could be in terms of the energy level and health issues that come up.

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