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Senior executives can
Senior executives can now apply to be IIM director

NEW DELHI.Future directors of the prestigious Indian Institutes of Management (IIMs) may no longer need to have anything to do with academia — or even possess a PhD. According to rules notified under the IIM Act this week, executives, who have been in senior management roles for at least 15 years, will now be eligible to be appointed as directors.

The premier business schools, in the past, have been headed by corporate executives, but such examples are few and far between. Ravi J Matthai, the first full-time director of IIM-Ahmedabad in 1965, and Subir Chowdhury, who headed IIM-Calcutta in the 1990s, are two such examples.

“The examples of executives heading IIMs are mostly from the early days when the institutes were young and talent pool was limited,” said an IIM director who did not wish to be identified.

Before the IIM Act kicked in this January, there were no fixed recruitment rules for the post of director. However, in the last decade, a PhD along with teaching experience has been a prerequisite for the post.(updated on December 6th, 2018)

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