companies to look externally,
MeritTrac CEO Vasu K Saksena said: "We have a large number of younger industries and larger number of new companies in
mature industries which have grown and reached a stage from
where they are looking to transform".
"This transformation demands newer ideas, exposure to
different practices 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.