Many new CEOs expected to be 'external hires': Experts

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SummaryQuest for innovative ideas in a highly competitive environment is pushing a large number of Indian firms to look beyond their organisations.

and cultures and ability to manage larger

and diverse teams," Saksena added.

Noting that many Indian companies are also servicing

international needs which require leaders with a global

perspective, Saksena said "some of these capabilities are not

often found internally and hence they scout for a suitable

candidate outside their company or industry".

Going by data provided by executive search firm Spectrum

Talent Management, around 16 high profile CEOs/COOs from threeconsumer facing industries - FMCG, Telecom and Automobile have switched jobs in 2013.

Spectrum Talent Management Director Vidur Gupta said that

a rise in hiring of CEOs is expected to increase after the

general elections of 2014.

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