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Press Release

17% CXO movements of FY 2020-21 took place in the BFSI sector: 'FICCI-Sapphire CXO Moves Annual Report 2020-21' Report

Aug 06, 2021

  • 15% CXO movements recorded for FY 2020-21 were that of women in leadership role
  • CEOs & Business Unit heads contributed 26% each to total CXO movements in FY 2020-21

NEW DELHI, 06 August 2021: FICCI & Sapphire Human Solutions today released the 'CXO Moves Annual Report 2020-21' during the webinar on 'Smart & Sustainable Leadership Hiring Colloquium: Attracting the desired leadership talent'. The report highlights the leadership movements that took place in the last financial year (FY 2020-21) and can serve as a reference point for organisations across sectors in their CXO hiring process.

Mr Dilip Chenoy, Secretary General, FICCI said, "Most businesses have remained resilient led by people being resilient for which HR teams deserve kudos and appreciation. They have looked at challenges on decreased demand and disrupted supply chain."

Mr Ankit Bansal, Founder & CEO, Sapphire Human Solutions said, "The pandemic ushered in a new normal. What the pandemic also did was highlight the importance of leadership and the criticality of hiring the right leadership. Hiring mistakes at such level can not only prove costly but can also have some very serious repercussions on the organisation and on the growth of the organisation. With so much at stake, the CXO Moves Annual report is a ready reference that is designed to enhance the CXO hiring process."

Mr Ranjan Kumar Mohapatra - Co-Chair, FICCI HR Committee & Director HR, Indian Oil Corporation Ltd said, "Job expectations in the corporates have changed where companies have come to expect much more from their C level executives because you need different and new skills to deal with today's business."

Mr Sushant Dwivedy -  Managing Director (India and Philippines), SHL said, "As the world evolves, business and roles have also evolved. From existing roles disappearing and making space from new roles to new skills requirements as organizations get restructured."

Mr Vijay Chandok - MD & CEO, ICICI Securities said, "Leadership today, need to think in a multi modal way in terms of time frame. It's not just about thinking short term but long term. The leadership needs to have the necessary skills to work in a multi modal pattern."

The event was attended by over 100 senior leaders from the HR and business fraternity.

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