Many companies in new-age sectors are hiring CEOs between the 30-45 age bracket, an Economic Times news article suggests. Most of these hirings are targeted at bringing in greater risk appetite and out-of-the-box thinking for conducting management and business practices. Data compiled by job portal ChangeYourBoss.com shows that 20 percent of senior level executives in every second company include young executives.
Another key reason behind the wave of young executive hiring is the fact that there is a large section of the senior leadership cadre in many organizations moving toward retirement, thereby leading up to the hiring of young CEOs.
Read the Economic Times article here.