ONGC’s new CEO has asked executives aged above 50 years to sacrifice their interests to let young leaders emerge, a call that hasn’t gone down well with many of those employees, who comprise 35-40% of the company’s workforce and occupy most of its key positions today.
“My invitation to all senior people is to allow (young) leaders to grow. If you are a big tree, small plants will not grow under you,” ONGC chairman Arun Singh is learnt to have told employees in a Thursday virtual town hall that was organised to explain the recent promotions and transfers of executives. Executives above the age of 50 years will have to have “a very large heart”, “sacrifice their self-interest” and help those aged 30-35 years in age to grow, Singh said.
