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Heidrick & Struggles

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Heidrick & Struggles International Incorporated
Company typePublic
Nasdaq: HSII
S&P 600 Component
IndustryExecutive Search, Management Consulting, Leadership Consulting & Culture Shaping
FoundedChicago, Illinois, 1953; 72 years ago (1953)
HeadquartersWillis Tower
Chicago, Illinois, United States
Key people
Gardner Heidrick, Founder
John Struggles, Founder
Tom Monahan, CEO
Tom Murray, President
Nirupam Sinha, Chief Financial Officer
RevenueIncrease US $287.442 million (2025 Q1)[1]
Increase US $13.31 million (2025 Q1)[1]
Number of employees
2,200 (2024)[2]
Websitewww.heidrick.com

Heidrick & Struggles International Incorporated is an international executive search and management consulting company headquartered in Chicago, Illinois, United States.

History

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Heidrick & Struggles was founded in 1953 by Gardner Heidrick and John E. Struggles, both former employees of the management consulting firm Booz Allen Hamilton.[3][4]

In 1957, Heidrick & Struggles began expanding outside of the Midwest with offices in Los Angeles, San Francisco and New York City. In 1968, the firm established an office in London, the firm today employs 2,200 people, with offices in 57 cities throughout North and South America, Europe and Asia.[4][2][5]

John E. Struggles remained with the firm until his retirement in 1986. Gardner Heidrick, who retired in 1982, died in 2002.[4]

In 1999, the firm became a publicly traded company on the NASDAQ.[6]

In 2014, Tracy R. Wolstencroft was appointed President and Chief Executive Officer of Heidrick & Struggles, a role he held until 2017, when he became Chairman and Krishnan Rajagopalan was named the new Chief Executive Officer.[7] Wolstencroft remained with the firm until 2019.[8]

In 2024, after more than 23 years with the company, Krishnan Rajagopalan stepped down from his role as CEO and President.[9] The Board has appointed Thomas L. Monahan III as his successor, naming him CEO and a member of the Board. Additionally, the Company announced that Tom Murray, Global Managing Partner of Executive Search at Heidrick & Struggles, will take on the role of President.[10] Nirupam Sinha has been appointed as Chief Financial Officer.[11]

Acquisitions

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  • In December 2012, Heidrick & Struggles acquired for $53.3 million Senn Delaney.[12]
  • In October 2015, Heidrick & Struggles acquired London-based leadership consultancy Co Company.[13]
  • In February 2016 the firm acquired Decision Strategies International (DSI).
  • In August 2016 it acquired JCA Group, a London-based executive search advisory firm.[14]
  • In April 2021 it acquired Business Talent Group (BTG).[15]
  • In February 2023, Heidrick & Struggles acquires German consulting firm Atreus.[16]
  • In March 2023, Heidrick & Struggles, has entered into an agreement to acquire businessfourzero, a London-based consultancy.[17]

References

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  1. ^ a b "Heidrick & Struggles International Inc. Q1 Profit Drops, Inline With Estimates". Retrieved 2025-06-13.
  2. ^ a b "Heidrick & Struggles Intl". Retrieved 2025-06-13.
  3. ^ "Who We Are Continued | Heidrick & Struggles". www.heidrick.com. Retrieved 2015-12-03.
  4. ^ a b c "John E. Struggles, 91, a Founder of Executive Search Company, Is Dead (Published 2005)". Nytimes.com. 2005-10-08. Retrieved 2025-06-13.
  5. ^ Jenn, Nancy Garrison (2005-04-01). Headhunters and How to Use Them: A Guide for Organisations and Individuals. John Wiley & Sons. ISBN 9781861977342.
  6. ^ "10-K". Retrieved 2025-06-13.
  7. ^ "Heidrick & Struggles Names Krishnan Rajagopalan President & CEO". Retrieved 2025-06-13.
  8. ^ "Biography Tracy R. Wolstencroft". Retrieved 2025-06-13.
  9. ^ "Rajagopalan to retire from Heidrick & Struggles as firm undergoes leadership transition". Retrieved 2025-06-13.
  10. ^ "Heidrick & Struggles' new president shares what he learned about going for a CEO job". Retrieved 2025-06-13.
  11. ^ "Heidrick & Struggles names Nirupam Sinha as CFO". Nasdaq.com. Retrieved 2025-06-13.
  12. ^ "Heidrick & Struggles Acquires Senn-Delaney Leadership Consulting Group". RTTNews. Retrieved 2025-06-28.
  13. ^ "Heidrick & Struggles buys London based Co Company". 2015-10-16. Retrieved 2025-06-28.
  14. ^ "Heidrick & Struggles acquires JCA group". Reuters. Retrieved 2025-06-28.
  15. ^ "Heidrick buys Business Talent Group". Retrieved 2025-06-28.
  16. ^ "Heidrick & Struggles übernimmt Atreus". 2023-02-02. Retrieved 2025-06-28.
  17. ^ "Heidrick & Struggles acquires purpose consultancy businessfourzero". 2023-03-23. Retrieved 2025-06-28.
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