CHICAGO - Heidrick & Struggles (NASDAQ:HSII), a global leadership advisory and talent solutions firm, has announced the appointment of new leaders across various practice areas and regions, effective January 1, 2025. The firm’s CEO, Tom Monahan, emphasized the importance of leadership in driving business performance and growth, confident that the promoted individuals will provide exceptional value to clients.
The appointments include Anne Rockey as Regional Leader for North America and Richard Guest for the Asia Pacific & Middle East. Todd Taylor has been named Global Managing Partner for Client Driven Growth, a new position within the company. Jaimee Eddington, Dominique Fortier, Chris Bray, and Gustavo Alba have been appointed as Executive Search Global Practice Managing Partners for their respective practice areas.
Regional Practice Managing Partners have also been named, including Liz Langel for the Americas Financial Services Practice and Ina Sood for the Americas Healthcare & Life Sciences Practice, among others. In addition, several individuals have been appointed as Partner-in-Charge in various global offices, such as Jane Xing in Beijing and Jessi Gentile in Chicago.
Eric Joseph has been promoted to lead Heidrick Consulting in North America on an interim basis. These strategic appointments are part of the firm’s efforts to strengthen its leadership team and enhance its ability to guide clients through complex business and talent challenges.
Heidrick & Struggles has been a pioneer in the executive search field for over 70 years and continues to partner with clients to develop future-ready leaders and organizations. The firm combines executive search, leadership consulting, and on-demand talent solutions to support the highest levels of profitability and performance for its clients. This announcement is based on a press release statement from Heidrick & Struggles.
In other recent news, Heidrick & Struggles International, Inc. announced the appointment of Nirupam Sinha as the new Chief Financial Officer. Sinha, previously CFO of Checkout.com LLC, brings nearly two decades of finance and strategy experience from roles at T. Rowe Price Group, Inc. and McKinsey & Company. These recent developments come as Heidrick & Struggles reported a 6% year-over-year increase in Q3 2024 revenue, reaching $279 million, with an adjusted EBITDA of $30.4 million. The Executive Search segment’s revenue rose by 3% to $204 million. Despite a dip in European revenue, the Americas and Asia Pacific regions showed significant growth. Truist Securities has maintained a Hold rating on Heidrick & Struggles’ stock while raising the price target to $42 from the previous $40. The company has projected Q4 2024 revenue to be between $255 million and $275 million. Lastly, new board members Vijaya Kaza and Tim Carter have been introduced, bringing digital and financial expertise to the company.
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