Younger CEOs may be an answer to business uncertainty
The average age of chief executives is falling — but that isn’t necessarily a bad thing
ANYONE who has spent the past 20 years climbing the corporate ladder in the hope of scoring the top job, be warned: you may already have missed the boat.
A few weeks ago, a 28-year-old was appointed to run Leroy Merlin France, one of the largest DIY chains in Europe owned by the reclusive Mulliez family.
Agathe Monpays’ promotion stirred a fierce debate in French media. She could only have won the job thanks to connections with the family, suggested many commentators. Otherwise, why would a 28-year-old be put in charge of a company that employs about 30,000 people and generates close to 10 billion euros (S$14.5 billion) a year in sales?
TRENDING NOW
Philippine power giant First Gen rebuffs foreign offers, plans up to US$2.6 billion in expansion
Vietnam’s data-centre investment rush faces reality check on power and site constraints
Singapore should prepare for prolonged haze until November, says Grace Fu
Is stagflation returning? That mostly depends on the Iran war
