Average age of Indian CEOs up 5 years

NEW DELHI: Thirty and nowhere to go is now memory. Just that. Not that long ago, with the economy surging ahead at a 9%-plus growth rate, tales 

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abounded of 30-somethings making it to the corner room in sectors ranging from manufacturing to IT. It made sociologists wonder what would happen to a man who’s far from retirement age, but at the end of his career. 



Well, turns out times have changed. The average age of Indian CXOs has gone up by at least five years in the recent past, and except for Cognizant’s president and CEO, Francisco D’souza, 39, none of the top 50 Indian companies by revenue employ a CEO under 40 anymore. 



According to a survey by leading global search firm EMA Partners International, the banking, financial services & insurance (BFSI) sector is now likely to have CEOs in the age group of 47-50 compared with 42-47 three years ago. For consumer goods companies, too, the average age is up five years to 48-53.