The Outsider: Why companies take risk of hiring CEOs with no industry experience

Till he took charge as CEO of Air Asia India, Mittu Chandilya experience with the airline industry was somewhat tangential. As the China head of the air compressor division of Ingersoll Rand, he was responsible for ground equipment services to several airlines. Later, as the head of the services practice at headhunting firm Egon Zehnder, he handled several airline clients. And of course, he was a frequent flyer, with lots of ideas on how airlines could improve their services. But these were not the factors that led to the Air Asia board inviting him to take up the top job in its start-up venture in India. "They hired me for my entrepreneurial background," says Chandilya. 
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