Government removes age restriction for hiring CEOs.

The government has removed the restriction on upper age limit for appointment of chief executive officers (CEOs) of power distribution companies. Previously, the age limit for appointing the CEO of a power distribution company was 62 years.

The cabinet had taken up the issue of advertisements for the position of CEOs in its meeting.

The Power Division informed the meeting that there were 10 distribution companies under its administrative control, which were public sector firms.

It stated that these companies were being headed by general managers/ chief engineers on a look-after charge basis as a stopgap arrangement on a temporary basis.

It was then proposed that the appointment of CEOs may be carried out on a regular basis.

According to the Companies...